Chord Energy reports Q3 2026 volumes above guidance, announces asset sale

Chord Energy Corporation (NASDAQ: CHRD) reported preliminary third-quarter 2026 operational and financial results, with oil, natural gas, and natural gas liquids volumes exceeding the high end of its previously issued guidance.

Total production came in at 290.5–290.9 thousand barrels of oil equivalent per day (MBoepd), above the guidance range of 277.7–284.0 MBoepd. Oil volumes reached 165.4–165.6 thousand barrels of oil per day, compared with guidance of 161.5–164.5. Capital expenditures were $379–$385 million, within the guided range of $360–$390 million.

The company repurchased $205 million of shares during the quarter at an average price of $135.74 per share. An additional $44.3 million in repurchases were made quarter-to-date in the fourth quarter at an average price of $142.32 per share.

Chord announced a divestiture of its non-operated Marcellus assets for total gross consideration of $550 million, with a $55 million deposit received during the third quarter.

As of September 30, 2026, the company held $804.7 million in cash and cash equivalents and carried total debt of $1,482.2 million. Cash taxes paid during the quarter totaled $32.0 million.

During the quarter, NYMEX WTI averaged $85.69 per barrel and NYMEX Henry Hub averaged $2.96 per MMBtu. Chord recorded a loss on realized hedges of $48.7 million and received equity investment distributions of $2.3–$2.5 million.

"Strong performance across new and existing wells and better than expected downtime performance drove volumes above the top-end of guidance," said Michael Lou, President and Chief Executive Officer.

The company noted that its consolidated financial statements for the period ended September 30, 2026, are not yet finalized and that actual results could differ materially from the preliminary figures presented in the press release.

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