Friday 6 November 2026
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Chord Energy Corporation
CHRD Energy Oil & Gas E&P
Chord Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $4.9 billion, down 7.12% from fiscal 2024.
- Revenue
- +30.0%
- EPS
- +46.0%
- Free cash flow
- +257.6%
- Total debt
- +0.23%
Quarter to September 2026, against a year earlier
133.26
0.93
+0.70%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 705 | 1,294 | 2,322 | 1,931 | 952 | 1,580 | 3,647 | 3,897 | 5,251 | 4,877 | 6,714 | +24.0% | 437 | 374 | 363 | (57.9%) | |
| Gross margin, % | 67.08 | 64.85 | 58.87 | 53.13 | 49.22 | 58.18 | 63.12 | 56.88 | 51.05 | 53.87 | 0.00 | (13.2) pt | ||||||
| EBT | (372) | (76) | (25) | (351) | (4,199) | 188 | 1,384 | 1,339 | 1,112 | 243 | 1,143 | n/m | ||||||
| EBT margin, % | (52.73) | (5.86) | (1.09) | (18.17) | (440.90) | 11.90 | 37.94 | 34.36 | 21.18 | 4.99 | 17.03 | +57.7 pt | ||||||
| Net income | (243) | 127 | (19) | (91) | (3,771) | 355 | 1,858 | 1,024 | 849 | 44 | 900 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 3.84 | 5.51 | 7.55 | 6.13 | 47.64 | 79.83 | 119.58 | 93.92 | 101.38 | 84.36 | 123.00 | +41.0% | |||||
| Earnings | (1.32) | 0.54 | (0.11) | (0.41) | — | 16.15 | 60.86 | 24.59 | 16.32 | 0.74 | 15.98 | n/m | ||||||
| Cash flow | 1.24 | 2.16 | 3.24 | 2.83 | 14.92 | 46.19 | 63.09 | 43.86 | 40.49 | 35.30 | 51.48 | +45.1% | ||||||
| Capex | (2.25) | (2.73) | (2.65) | (2.62) | (17.10) | (40.57) | (17.42) | (29.23) | (34.24) | (32.85) | 0.00 | +34.7% | ||||||
| Free cash flow | (1.01) | (0.57) | 0.59 | 0.21 | (2.18) | 5.62 | 45.67 | 14.63 | 6.25 | 2.45 | 51.48 | n/m | ||||||
| Book value | 15.92 | 14.95 | 12.75 | 12.18 | 50.66 | 61.72 | 153.45 | 122.36 | 168.01 | 139.76 | 151.45 | +27.3% | ||||||
| Shares, m | 184 | 235 | 307 | 315 | 20 | 20 | 30 | 41 | 52 | 58 | 56 | (12.1%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 15.80 | 0.00 | 0.00 | 0.00 | 7.72 | 2.15 | 6.84 | 7.04 | 132.43 | 8.34 | 17.2 | |||||
| P/S | 4.10 | 1.56 | 0.73 | 0.53 | 0.78 | 1.58 | 1.10 | 1.79 | 1.15 | 1.10 | 1.08 | 1.4 | ||||||
| P/B | 0.99 | 0.57 | 0.43 | 0.27 | 0.73 | 2.04 | 0.86 | 1.38 | 0.70 | 0.66 | 0.88 | 0.9 | ||||||
| EV/Sales | 7.34 | 3.17 | 1.90 | 1.93 | 1.04 | 1.72 | 1.05 | 1.82 | 1.32 | 1.38 | 1.19 | 2.3 | ||||||
| EV/FCF | (27.83) | (30.63) | 24.43 | 56.47 | (22.69) | 24.48 | 2.75 | 11.65 | 21.37 | 47.31 | 9.32 | 10.7 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 228 | 508 | 996 | 893 | 298 | 914 | 1,924 | 1,820 | 2,097 | 2,041 | 2,810 | +27.6% | |||||
| Capex | (414) | (642) | (816) | (827) | (342) | (803) | (531) | (1,213) | (1,773) | (1,899) | (1,950) | +18.4% | ||||||
| Free cash flow | (186) | (134) | 181 | 66 | (44) | 111 | 1,393 | 607 | 324 | 142 | 2,810 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (143) | (216) | (58) | (166) | (70) | 390 | 121 | 259 | (105) | 87 | 719 | n/m | |||||
| Net debt | 2,286 | 2,081 | 2,713 | 2,692 | 245 | 220 | (199) | 78 | 806 | 1,290 | 678 | (6.2%) | ||||||
| Shareholders’ equity | 2,923 | 3,514 | 3,919 | 3,837 | 1,013 | 1,222 | 4,680 | 5,077 | 8,702 | 8,080 | 8,267 | +12.0% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (4.11) | 1.93 | (0.50) | (1.70) | (76.42) | 12.33 | 38.44 | 15.10 | 8.50 | 0.34 | 0.00 | +4.5 pt | |||||
| ROIC | (1.57) | 1.61 | 1.12 | (0.86) | (246.25) | 35.08 | 22.09 | 15.44 | 7.23 | 1.32 | 10.71 | +2.9 pt | ||||||
| ROE | (9.27) | 3.85 | (0.95) | (3.31) | (152.18) | 28.61 | 62.91 | 20.99 | 12.32 | 0.53 | 0.00 | +9.8 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 477 | 585 | 727 | 609 | 432 | 255 | 531 | 514 | 762 | 676 | — | +4.0% | |||||
| Revenue/emp, $m | 1.48 | 2.21 | 3.19 | 3.17 | 2.20 | 6.20 | 6.87 | 7.58 | 6.89 | 7.21 | — | +19.3% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Business profile
Where the money comes from and where it goes Fiscal 2025
| Crude oil revenues | 3,547 | 72.73% |
|---|---|---|
| Purchased crude oil sales | 953 | 19.53% |
| NGL and natural gas revenues | 350 | 7.18% |
| Purchased natural gas sales | 27 | 0.56% |
| Gross margin | 53.87% | |
| Operating margin | 4.05% | |
| Pre-tax margin | 4.99% |
Chord Energy Corporation vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CHRD Chord Energy Corporation | $7.2B | 8.3× | 6.8× | +30.01% (above 0%: growing) | +46.02% (above 0%: growing) | +257.56% (above 0%: growing) | 0.00% | 29.60% | |
| SM SM Energy Company | $7.1B | 7.2× | 5.5× | +167.38% (above 0%: growing) | −70.93% (below 0%: shrinking) | +369.43% (above 0%: growing) | 73.55% | 10.88% | Compare |
| VIST Vista Energy, S.A.B. de C.V. - Sponsored ADR | $6.4B | 7.5× | 9.9× | +83.39% (above 0%: growing) | −10.66% (below 0%: shrinking) | −82.86% (below 0%: shrinking) | 54.75% | 45.65% | Compare |
| MGY Magnolia Oil & Gas Corp | $6.3B | 10.3× | 9.4× | +58.15% (above 0%: growing) | +136.59% (above 0%: growing) | +176.03% (above 0%: growing) | 0.00% | 30.08% | Compare |
| MTDR Matador Resources Company | $6.2B | 8.4× | 8.7× | +23.82% (above 0%: growing) | +10.97% (above 0%: growing) | −65.09% (below 0%: shrinking) | 85.09% | 30.44% | Compare |
| MUR Murphy Oil Corporation | $5.2B | 11.2× | 10.6× | +16.64% (above 0%: growing) | n/m | −59.09% (below 0%: shrinking) | 100.00% | 30.00% | Compare |
| CNX CNX Resources Corporation. | $5.0B | 5.5× | 7.4× | −0.66% (below 0%: shrinking) | −22.07% (below 0%: shrinking) | −42.35% (below 0%: shrinking) | 82.78% | 44.70% | Compare |
| LB LandBridge Company LLC | $4.8B | 42.4× | 57.6× | +39.46% (above 0%: growing) | +41.94% (above 0%: growing) | +44.89% (above 0%: growing) | 0.00% | 68.06% | Compare |
| CRGY Crescent Energy Company | $4.7B | 62.7× | 10.5× | +55.92% (above 0%: growing) | n/m | +41.37% (above 0%: growing) | 100.00% | 35.43% | Compare |
| Median of peers | $5.7B | 9.4× | 9.6× | +47.69% | +0.16% | −0.49% | 78.17% | 32.94% |
From the latest earnings call
- CEO Michael Lou said Chord raised its oil-volume guidance twice in 2026, citing production improvements and operating efficiencies.
- COO Darrin Henke said four-mile wells were performing as expected, while drilling costs had fallen about 9% since the beginning of the first quarter.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
96.98%
Held by the ten largest
57.04%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| BlackRock | 7.06m | 12.79% | +115.12k |
| Vanguard | 5.95m | 10.78% | +10.76k |
| Fidelity (FMR) | 3.20m | 5.79% | −682.55k |
| Wellington Management | 3.17m | 5.74% | −616.64k |
| Invesco | 2.82m | 5.11% | +552.77k |
| State Street | 2.37m | 4.30% | −40.04k |
| Dimensional Fund Advisors | 1.95m | 3.53% | +402.16k |
| American Century | 1.92m | 3.47% | +240.42k |
| Victory Capital | 1.83m | 3.32% | −220.40k |
| Geode Capital Management | 1.22m | 2.21% | +22.89k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 19 March 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 3.61m | 3.93m | 398.00 |
| 2024 | 3.35m | (1.13m) | 475.00 |
| 2023 | 3.37m | 5.63m | 634.00 |
| 2022 | 1.52m | 10.64m | 482.00 |
| 2021 | 4.38m | 16.96m | 360.00 |
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Read the proxy statement
Chord Energy Corporation (CHRD) Latest News
6 Nov
4 Nov
27 Oct
21 Oct
20 Oct
19 Oct
13 Oct
6 Oct
CHRD metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Chord Energy is an independent oil and gas exploration and production company. It acquires acreage, drills and operates wells, and sells crude oil, natural gas liquids (NGL) and natural gas. Its operations are concentrated in the Williston Basin, where it targets the Middle Bakken and Three Forks formations. It also has limited interests in Marcellus Shale wells operated by other companies and expects a sale of non-core Marcellus assets to close later in 2026.
The company sells its production mainly to refiners, marketers and other purchasers with access to pipeline and rail facilities. It also buys and resells oil and gas in marketing transactions, including to manage transportation costs or cover production shortfalls. Chord manages its commodity marketing in-house.