Chord Energy Swings to $525M Q2 Profit on Surging Oil Prices and Production
CHRD sits 57% above its 52-week low of $84.245 on elevated volume (2.0× avg).
Summary
Chord Energy reported Q2 2026 net income of $525.2 million, reversing a year-ago loss, as crude oil realizations nearly doubled and production rose. Strong cash flow funded shareholder returns and capital spending while the balance sheet stayed debt-free on its revolver.
Key Events · Earnings and Guidance · CHRD
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Net Income Swing to $525M
Higher oil prices and production drove Q2 2026 net income to $525.2 million ($9.28 diluted EPS), a sharp reversal from the $389.9 million net loss in Q2 2025.
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Revenue Surge on Oil Prices
Total revenues climbed 84% year-over-year to $2.17 billion, with crude oil revenues of $1.41 billion as realized prices averaged $93.99 per barrel.
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Production Growth
Average daily production rose to 286,447 Boepd (58% oil), with crude oil output of 165,436 Bopd, up 6.5% from Q2 2025.
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Strong Cash Flow and Returns
Operating cash flow reached $1.12 billion; the company repurchased $147.4 million in stock and declared a $1.30 per share dividend payable September 4, 2026.
Analysis · CHRD · Energy & Transportation
A dramatic reversal in the Strait of Hormuz disruption supercharged Chord Energy's Q2 2026 results, swinging to net income of $525.2 million from a $389.9 million loss a year ago. The turnaround was fueled by a 57% jump in oil revenues as realized crude prices averaged $93.99 per barrel—up sharply from $65.31 in Q2 2025—and a 6.5% increase in oil production. Operating cash flow reached $1.12 billion, funding $416.7 million in capital spending and $147.4 million in share buybacks, while the company maintained a $1.30 per share dividend. The balance sheet remains fortress-like with no credit facility borrowings and $611.6 million in cash. Notably, the hedging program muted some upside, resulting in $93.1 million in realized derivative losses during the quarter.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CHRD was trading at $132.50 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $7.5B. The 52-week trading range was $84.25 to $151.95. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.