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Chord Energy
(NASDAQ:CHRD)
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Rating:72Outperform
Price Target:
$144.00
▲(4.08% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by strong financial foundation (low leverage and meaningful free cash flow) and a constructive earnings call emphasizing higher shareholder returns and solid free-cash-flow delivery. This is tempered by neutral technicals and valuation uncertainty from a negative P/E despite an attractive dividend yield.
Positive Factors
Low leverage / strong balance sheet
Chord’s very low leverage and growing equity provide enduring financial flexibility to fund operations, sustain distributions, and weather commodity cycles. Over 2–6 months this balance-sheet strength supports higher capital-return targets and reduces refinancing and liquidity risk during down cycles.
Negative Factors
Cyclicality & margin volatility
Margins remain highly cyclical and sensitive to commodity realizations and differentials, which undermines earnings and cashflow predictability. Even with recent improvement, return variability can compress FCF and constrain capital returns during adverse price or differential moves over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Chord’s very low leverage and growing equity provide enduring financial flexibility to fund operations, sustain distributions, and weather commodity cycles. Over 2–6 months this balance-sheet strength supports higher capital-return targets and reduces refinancing and liquidity risk during down cycles.
Read all positive factors
Chord Energy Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks revenue into business lines (e.g., production, midstream, marketing), revealing which activities generate income and how diversified the company is. Helps identify concentration risk, margin differences between segments, and where management is prioritizing growth or cost control.
Breaks revenue into business lines (e.g., production, midstream, marketing), revealing which activities generate income and how diversified the company is. Helps identify concentration risk, margin differences between segments, and where management is prioritizing growth or cost control.
Data provided by:
The Fly
The FlyChord Energy (CHRD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.90B
Dividend Yield3.7%
Average Volume (3M)866.48K
Price to Earnings (P/E)―
Beta (1Y)0.44
Revenue Growth-0.99%
EPS Growth-107.05%
CountryUS
Employees676
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)14.96
Shares Outstanding56,299,183
10 Day Avg. Volume799,150
30 Day Avg. Volume866,482
Financial Highlights & Ratios
PEG Ratio-1.31
Price to Book (P/B)0.66
Price to Sales (P/S)1.10
P/FCF Ratio7.74
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$164.25Price Target Upside18.71% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)19.35
Revenue Forecast (FY)$5.89B
Chord Energy Business Overview & Revenue Model
Company Description
As an independent enterprise, Chord Energy Corporation specializes in the exploration and production of hydrocarbon resources. Its core activities include the sourcing, development, and recovery of crude oil, natural gas, and natural gas liquids, ...
How the Company Makes Money
Chord Energy primarily makes money by producing and selling hydrocarbons—crude oil, natural gas, and NGLs—generated from its Williston Basin operations. Revenue is recognized when production is delivered to purchasers under sales arrangements, gen...
Chord Energy Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly positive operational and financial story: Q2 free cash flow materially beat expectations ($414M), capital returns were substantial (54% of FCF returned; targeting at least 75% going forward), balance sheet and leverage metrics improved, and operational programs (longer laterals, 4-mile wells, trimulfrac, AI-driven optimization) are delivering efficiencies and upside. Offsetting items include a raised LOE to $10.30/BOE driven by expanded production enhancement activities and higher workover/non-op LOE, ongoing commodity price/differential volatility, and the need for more data to validate chemical workovers and full 4th-mile contributions. Overall, highlights significantly outweigh the lowlights.Positive Updates
Strong Free Cash Flow and Capital Return
Adjusted free cash flow for Q2 was $414 million, exceeding expectations. The company returned 54% of adjusted FCF ($220 million) to shareholders via base dividend and share repurchases, and plans to increase targeted return of capital to at least 75% of adjusted FCF beginning in Q3.
Negative Updates
Higher LOE Guidance
Full-year LOE expense was raised to $10.30 per BOE, reflecting expanded production enhancement initiatives (e.g., broader chemical workover program), higher workover costs and some elevated non-operated LOE.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Free Cash Flow and Capital Return
Adjusted free cash flow for Q2 was $414 million, exceeding expectations. The company returned 54% of adjusted FCF ($220 million) to shareholders via base dividend and share repurchases, and plans to increase targeted return of capital to at least 75% of adjusted FCF beginning in Q3.
Read all positive updates
Company Guidance
Chord updated guidance and capital plans: full‑year 2026 oil volumes are now guided to average 161,000 barrels of oil per day (up 2,000 bbl/d from the initial outlook), Q2 adjusted free cash flow was $414 million (of which 54% or ~$220 million was returned to shareholders), the balance sheet grew to $612 million and normalized leverage fell below 1.5 turns at quarter end, prompting management to target returning at least 75% of adjusted free cash flow beginning in Q3; full‑year LOE was raised to $10.30/BOE, adjusted capex finished modestly below the midpoint of guidance with meaningful spending reductions expected in Q3 (after dropping a second frac crew in July) and again in Q4, about 38% of 2H‑2026 oil volumes and ~18% of 2027 are hedged, the company has executed 26 four‑mile wells to date, and free cash flow per share is ~30% higher since 2024 on a normalized pricing basis.Chord Energy Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
82
Very Positive
Cash Flow
79
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.32B | 4.88B | 5.25B | 3.90B | 3.65B | 1.58B |
| Gross Profit | 1.73B | 315.01M | 1.31B | 1.44B | 1.79B | 670.09M |
| EBITDA | 2.48B | 1.79B | 2.28B | 1.97B | 1.78B | 377.10M |
| Net Income | 848.32M | 44.46M | 848.63M | 1.02B | 1.86B | 319.60M |
Balance Sheet | ||||||
| Total Assets | 13.72B | 13.39B | 13.03B | 6.93B | 6.63B | 3.03B |
| Cash, Cash Equivalents and Short-Term Investments | 611.57M | 189.53M | 36.95M | 318.00M | 593.15M | 172.11M |
| Total Debt | 1.50B | 1.50B | 1.04B | 535.43M | 491.13M | 436.62M |
| Total Liabilities | 5.36B | 5.31B | 4.33B | 1.85B | 1.95B | 1.81B |
| Stockholders Equity | 8.36B | 8.08B | 8.70B | 5.08B | 4.68B | 1.03B |
Cash Flow | ||||||
| Free Cash Flow | 1.34B | 692.72M | 918.15M | 914.18M | 1.39B | 698.39M |
| Operating Cash Flow | 3.10B | 2.04B | 2.10B | 1.82B | 1.92B | 914.14M |
| Investing Cash Flow | -2.28B | -1.81B | -1.75B | -1.43B | -682.56M | -920.77M |
| Financing Cash Flow | -204.51M | -82.09M | -624.46M | -664.70M | -823.10M | 161.19M |
Chord Energy Technical Analysis
Neutral
138.36
Price Trends
128.62
Positive
133.12
Negative
114.30
Positive
Market Momentum
2.19
Positive
50.31
Neutral
24.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CHRD, the sentiment is Neutral. The current price of 138.36 is above the 20-day moving average (MA) of 132.17, above the 50-day MA of 128.62, and above the 200-day MA of 114.30, indicating a neutral trend. The MACD of 2.19 indicates Positive momentum. The RSI at 50.31 is Neutral, neither overbought nor oversold. The STOCH value of 24.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CHRD.
Chord Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $13.19B | 8.70 | 25.11% | 2.77% | -17.38% | 54.99% | |
74 Outperform | $9.38B | 11.03 | 19.30% | 0.98% | 16.84% | 82.31% | |
72 Outperform | $7.90B | -133.70 | 10.42% | 3.76% | -0.99% | -107.05% | |
68 Neutral | $6.20B | 12.83 | 8.74% | 2.83% | -2.91% | -47.92% | |
68 Neutral | $6.09B | 14.78 | 28.75% | 2.49% | -1.98% | -14.47% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | $3.89B | 7.53 | 20.78% | ― | 17.31% | ― |
* Energy Sector Average
CHRD
Chord Energy
131.35
34.85
36.11%
APA
APA
37.63
18.30
94.62%
CRK
Comstock Resources
13.41
-2.53
-15.87%
MTDR
Matador Resources
49.06
3.92
8.68%
RRC
Range Resources
38.28
4.05
11.82%
MGY
Magnolia Oil & Gas
25.08
2.15
9.40%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.