EarningsQ2 2026 Earnings Report
MX:CHRD Q2 2026 EPS Results
Actual EPS$109.37
Consensus EPS$111.22
Beat/MissMissed by -$1.85
One Year Ago EPS$30.40
MX:CHRD Q2 2026 Revenue Results
Actual Revenue$36.90B
Expected Revenue$27.48B
Beat/MissBeat by +$9.41B
YoY Revenue Growth+84.04%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
MX:CHRD Upcoming Earnings
Chord Energy's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:CHRD Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
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.Company Guidance
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.
Improved Balance Sheet and Leverage
Balance sheet grew to $612 million and normalized leverage declined below 1.5x at quarter end, supporting a more aggressive return-of-capital posture.
Higher Full-Year Oil Guidance
Full-year 2026 oil volume guidance was increased to 161,000 barrels of oil per day, 2,000 bbl/d higher than the initial outlook, largely driven by investment in low-cost, short-cycle base production opportunities.
Operational Execution: Longer Laterals and 4-Mile Program
Chord executed an additional four 4-mile pads since May and has completed 26 total 4-mile wells. The transition to longer laterals is driving lower cost of supply and higher returns on invested capital, and the 4-mile program is on track to scale through H2 2026 into 2027.
Efficiency Gains: Cycle Times, Trimulfrac, and Facilities
Year-to-date acceleration of frac cycle times pushed volumes to the front half of 2026. Company executed the basin's first trimulfrac (which could materially reduce completion cost in select areas) and is reducing facilities-related capital through equipment reuse and scalable designs.
Production Optimization Initiatives and AI Deployment
Broad deployment of AI to optimize artificial lift (rod pump optimization and scheduling of workover rigs) and other production-enhancement work has driven sustained improvements in base production performance and operational efficiency.
Free Cash Flow Per Share Growth
Free cash flow per share has grown about 30% since 2024 on normalized commodity pricing (with substantially higher growth using actual 2026 pricing), reflecting improved capital efficiency and return of capital.
Hedge Positioning
Chord added hedges: approximately 38% of second-half 2026 oil volumes are hedged and roughly 18% of 2027 volumes are hedged, providing partial downside protection.
MX:CHRD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed