Chord Energy (NASDAQ:CHRD) Issues Earnings Results, Beats Expectations By $0.40 EPS

Key Points

• Chord Energy beat quarterly earnings expectations: EPS was $6.08 versus the $5.68 consensus, while revenue increased 30% year over year.
• Production exceeded guidance, leading the company to raise its 2026 oil-volume forecast by about 1% and increase its adjusted free-cash-flow outlook by roughly $200 million.
• Shares fell 8% in midday trading despite the results; analysts’ consensus rating remained “Moderate Buy,” with an average price target of $174.54.

Chord Energy (NASDAQ:CHRD - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $6.08 earnings per share for the quarter, beating the consensus estimate of $5.68 by $0.40, Zacks reports. Chord Energy had a net margin of 13.42% and a return on equity of 10.18%. The company's revenue for the quarter was up 30.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.35 EPS.

Chord Energy Stock Down 8.0%

CHRD stock traded down $11.50 during midday trading on Wednesday, hitting $132.33. The stock had a trading volume of 1,143,790 shares, compared to its average volume of 720,048. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 9.83 and a beta of 0.48. The business has a 50-day moving average of $145.76 and a two-hundred day moving average of $131.45. Chord Energy has a 52-week low of $84.25 and a 52-week high of $159.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.22 and a quick ratio of 1.15.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Truist Financial upped their price objective on shares of Chord Energy from $180.00 to $195.00 and gave the stock a "buy" rating in a report on Monday, October 12th. Mizuho lifted their target price on shares of Chord Energy from $175.00 to $179.00 and gave the company an "outperform" rating in a research note on Monday, October 5th. Scotiabank assumed coverage on shares of Chord Energy in a research report on Wednesday, October 14th. They set a "sector outperform" rating and a $192.00 price target on the stock. Morgan Stanley boosted their price target on shares of Chord Energy from $169.00 to $178.00 and gave the company an "overweight" rating in a research report on Thursday, October 15th. Finally, Seaport Research Partners initiated coverage on shares of Chord Energy in a research note on Thursday, September 3rd. They issued a "neutral" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $174.54.

More Chord Energy News

Here are the key news stories impacting Chord Energy this week:

• Positive Sentiment: Third-quarter adjusted EPS was $6.08, above analyst estimates, while revenue rose 30% year over year. Zacks earnings coverage
• Positive Sentiment: Production exceeded the high end of guidance, prompting Chord to raise its 2026 oil-volume forecast by about 1% to 162.5 thousand barrels per day. The company also increased its 2026 adjusted free-cash-flow expectation by approximately $200 million versus its August outlook. Company results and outlook
• Positive Sentiment: Shareholder returns included a $1.30-per-share base dividend and $205 million of third-quarter buybacks. Chord also reported $78 million of additional repurchases through October 30. Company results and outlook
• Positive Sentiment: Marketing agreements are expected to generate $35 million–$55 million in annualized adjusted free-cash-flow savings over time, potentially improving cash generation. Company results and outlook
• Neutral Sentiment: Despite these favorable results and outlook updates, CHRD shares traded lower. The articles provided do not explain the decline or identify a negative company-specific development.

Insiders Place Their Bets

In other Chord Energy news, EVP Shannon Kinney sold 4,019 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $140.00, for a total transaction of $562,660.00. Following the completion of the transaction, the executive vice president owned 13,560 shares of the company's stock, valued at approximately $1,898,400. This trade represents a 22.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Douglas Brooks sold 8,000 shares of the firm's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $133.14, for a total value of $1,065,120.00. Following the transaction, the director directly owned 10,705 shares of the company's stock, valued at $1,425,263.70. This represents a 42.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 23,969 shares of company stock worth $3,389,599. 0.79% of the stock is owned by corporate insiders.

About Chord Energy

Chord Energy Corporation is an independent exploration and production company focused on the development and operation of oil and natural gas properties in the United States. Its portfolio is concentrated in the Williston Basin, which spans parts of North Dakota and Montana. The company's production mix includes crude oil, natural gas and natural gas liquids.

Chord's operations include acquiring, developing and producing hydrocarbons from operated and non-operated wells, with an emphasis on drilling and completion activities in the Bakken and Three Forks formations.

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