Chord Energy
Develops and produces crude oil, NGLs, and natural gas in the Williston Basin.
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Profile
Produces crude oil, NGLs, and natural gas through a single upstream business focused on the Williston Basin, where acquired acreage and operating execution shape the business.
Acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily in the Williston Basin. The business became Chord Energy when Oasis Petroleum merged with Whiting in 2022, and it added Enerplus operations in 2024.
Operations emphasize capital discipline, operating efficiency, cost-structure initiatives, and extended-lateral execution. The company operates as one reportable upstream business rather than separate segments.
Enerplus's producing assets were substantially in North Dakota's Williston Basin, while it also had limited non-operated Marcellus interests. The business depends on Williston Basin operating execution, realized commodity prices, asset inventory, and integrating acquired acreage and personnel.
Company facts
Key statistics
Year to date +54.2% · Average volume (30d) 751.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 12, 2026 | Wells Fargo | Reiterate | Overweight | $109 | $163 |
| Aug 12, 2026 | UBS | Reiterate | Buy | $153 | $171 |
| Aug 10, 2026 | Truist Financial | Target | $170 | $166 | |
| Jul 14, 2026 | Roth Capital | Reiterate | Buy | $140 | $145 |
| Jul 10, 2026 | UBS | Reiterate | Buy | $179 | $153 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $6.55 | $6.44 | −1.7% | $1.62B | $2.17B | +34.3% | +1.96% |
| May 5, 2026Q1 FY26 | $3.49 | $4.56 | +30.7% | $1.21B | $1.67B | +37.9% | −5.58% |
| Feb 25, 2026Q4 FY25 | $1.17 | $1.28 | +9.4% | $1.08B | $1.17B | +8.1% | +1.62% |
| Nov 4, 2025Q3 FY25 | $2.24 | $2.35 | +4.9% | $1.03B | $1.31B | +27.0% | −4.43% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.22B | $1.18B | $1.31B | $1.17B | $1.67B | $2.17B | |
| Gross profit | $372.8M | $171.8M | $195.1M | $121.3M | $370.4M | $1.04B | |
| Operating income | $338.0M | −$403.2M | $170.8M | $89.4M | $333.2M | $602.7M | |
| Net income | $219.8M | −$389.9M | $130.1M | $84.4M | $108.6M | $525.2M | |
| Diluted EPS | $3.66 | −$6.77 | $2.26 | $1.49 | $1.91 | $9.28 | |
| Gross margin | 30.7% | 14.6% | 14.9% | 10.4% | 22.2% | 48.1% | |
| Operating margin | 27.8% | -34.2% | 13.0% | 7.6% | 20.0% | 27.7% |
Fiscal years (4-quarter sums)FY21 $1.49B · FY22 $3.65B · FY23 $3.90B · FY24 $5.25B · FY25 $4.88B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $611.6M · Total debt $1.50B · Total assets $13.72B · Shareholders' equity $8.36B
Dividends
Last raised to $1.30 from $1.25 in Mar 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 20, 2026 | Aug 20 | Sep 4 | $1.30 | |
| May 20, 2026 | May 20 | Jun 5 | $1.30 | |
| Mar 12, 2026 | Mar 12 | Mar 27 | $1.30 | |
| Nov 19, 2025 | Nov 19 | Dec 5 | $1.30 | |
| Aug 21, 2025 | Aug 21 | Sep 8 | $1.30 | |
| May 21, 2025 | May 21 | Jun 9 | $1.30 | |
| Mar 11, 2025 | Mar 11 | Mar 26 | $1.30 | raised from $1.25 |
| Nov 27, 2024 | Nov 27 | Dec 12 | $1.44 | special dividend |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 56.30M · Float 52.85M · 93.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 7.06M | 12.54% | 13F | Aug 7, 2026 |
| FMR LLC | 3.20M | 5.68% | 13F | Aug 13, 2026 |
| Wellington Management Group LLP | 3.17M | 5.63% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 2.93M | 5.21% | 13F | Aug 13, 2026 |
| Key Group Long Term Investments LP | 2.90M | 5.10% | 13G | Dec 1, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Daniel E. Brown | director, officer: President and CEO | −656 | $150.12 |
| Aug 20, 2026 | Daniel E. Brown | director, officer: President and CEO | −13,048 | $151.33 |
| Aug 10, 2026 | Samantha McKinney | director | −2,200 | $136.32 |
| Aug 11, 2026 | Shannon Browning Kinney | officer: EVP, CAO, GC & Corp Secretary | −4,019 | $140.00 |
| Aug 7, 2026 | Douglas E. Brooks | director | −8,000 | $133.14 |
Peers
- Chevron
Williston/Bakken shale development and leasehold scale
- ConocoPhillips
Large operated Bakken position in the Williston Basin
- ExxonMobil
Williston Basin development and acreage competition through XTO
- EOG Resources
Williston Basin shale development within a broader Rockies portfolio
- Northern Oil and Gas
Non-operated Williston capital deployment and working interests
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Chord Energy | $144.05 | −1.33% | $8.22B | 9.8 | 9.9 | 1.3 | +84.0% |
| Chevron | $204.35 | +1.24% | $402.06B | 19.4 | 13.2 | 1.9 | +57.9% |
| ConocoPhillips | $129.95 | −0.32% | $158.80B | 17.3 | 13.4 | 2.5 | +39.7% |
| ExxonMobil | $156.80 | +0.08% | $649.44B | 20.2 | 13.2 | 1.8 | +46.0% |
| EOG Resources | $143.49 | +0.12% | $76.35B | 11.2 | 9.5 | 2.9 | +60.5% |
| Northern Oil and Gas | $25.86 | +0.51% | $2.80B | — | 6.5 | 1.3 | +28.9% |
| Median | 18.3 | 13.2 | 1.9 | +46.0% |