Chord Energy beats Q1 adjusted EPS estimates on higher oil volumes

Chord Energy

05/05/2026 21:41

Overview

U.S. oil and gas producer's Q1 adjusted EPS beat analyst expectations

Oil volumes exceeded high end of company's guidance, supporting higher full-year production outlook

Company returned $145 mln to shareholders via dividends and share repurchases

Outlook

Chord sees FY26 oil volumes at 160.0-162.0 MBopd

Company expects FY26 CapEx of $1.355-$1.445 bln, unchanged from prior guidance

Chord expects FY26 Adjusted EBITDA of about $3.1 bln and Adjusted Free Cash Flow of $1.4 bln

Result Drivers

OIL VOLUMES ABOVE GUIDANCE - Oil production exceeded the high end of company's guidance due to strong drilling and completions execution

EFFICIENCY IMPROVEMENTS - Faster drilling and completions cycle times and infrastructure optimization reduced costs and supported higher production

PRODUCTION OPTIMIZATION INITIATIVES - Application of AI to artificial lift, expanded workover activity, and logistics optimization contributed to higher output with minimal cost increase

Company press release: ID:nPn5qY8kwa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$4.56
$3.11 (17 Analysts)
Q1 EPS
$1.90
Q1 Net Income
$108.6 mln
Q1 Adjusted EBITDA
$713 mln
Q1 Adjusted Free Cash Flow
$324 mln
Q1 Basic EPS
$1.90


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for Chord Energy Corp is $158.50, about 6.2% above its May 4 closing price of $149.25

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)