Chord Energy (CHRD) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Chord Energy published the results on November 4, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Chord Energy reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Revenue is total revenues from the income statement, including purchased oil and gas sales, which Chord buys from third parties and resells. Chord's own production revenue is the oil, NGL and gas line.
• Chord published preliminary Q3 2026 operating and financial data on October 19, 2026, the same day it named Michael Lou President and CEO, succeeding Danny Brown. The full results followed on November 4.

Source: Chord Energy Q3 2026 results, November 4, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Chord Energy splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Chord Energy's Oil, NGL and gas revenues revenue was $1.4 billion in Q3 2026, up 46% from $967 million in Q3 2025, 83% of total revenue.
• Chord Energy's Purchased oil and gas sales revenue was $298 million in Q3 2026, down 14% from $345 million in Q3 2025, 17% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Chord guides volumes, capital spending, costs and cash flow, not revenue or EPS. The guidance assumes the Marcellus divestiture closes in the middle of Q4 2026.

In its Q3 2026 release, Chord Energy said:

“In 2026, Chord expects to generate approximately $3.4B of Adjusted EBITDA and $1.6B of Adjusted Free Cash Flow, including the impact of derivatives ($90/Bbl WTI and $3.00/MMBtu Henry Hub for 4Q26).”

“FY26 oil volume midpoint guidance increased ~1% from 161.0 MBopd to 162.5 MBopd”

“4Q26 oil volume midpoint guidance of 161.0 MBopd reflects continued strong operational performance from production optimization and the development program”

“FY26 CapEx midpoint guidance increasing from $1.4B to $1.46B”

Source: Chord Energy Q3 2026 release, Nov 4, 2026.

This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the CHRD forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total revenues and GAAP diluted EPS, each as first reported in that quarter's release. Chord reports in thousands; revenue here is rounded to millions. Quarterly GAAP EPS swings with non-cash gains and losses on commodity derivatives.

We do not hold a confirmed date for Chord Energy's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 4, 2026

Chord Energy is an oil producer, primarily in the Williston Basin with limited non-operated interests in the Marcellus Shale. In Q3 2026 crude oil revenues were $1,306.6 million of $1,408.4 million in oil, NGL and gas revenues; NGL brought in $60.5 million and natural gas $41.3 million. Purchased oil and gas sales, volumes Chord buys and resells, added $297.5 million. (Chord Energy Q3 2026 release, Nov 4, 2026; Chord Energy Form 10-Q, Q3 2026, Nov 5, 2026)

Production and price both rose from a year earlier. Oil volumes were 165.5 MBopd, against 155.7 MBopd in Q3 2025, and total production was 290.8 MBoepd. The average crude oil price without realized derivatives was $85.80 per barrel, against $63.59, a premium of $0.11 to NYMEX WTI. With realized derivatives the oil price was $81.95, because hedges lost $58.6 million. (Chord Energy Q3 2026 release, Nov 4, 2026)

Natural gas sells at a deep discount. Chord realized $1.07 per Mcf without derivatives in Q3 2026, against $0.81 a year earlier, and its Marcellus gas realized $2.03/Mcf. Oil was 56.9% of total production. Purchased oil and gas sales fell $380.9 million from Q2 2026 on lower purchased crude volumes and prices. (Chord Energy Q3 2026 release, Nov 4, 2026; Chord Energy Form 10-Q, Q3 2026, Nov 5, 2026)

Chord sells to a few large purchasers. In 2025 sales to Phillips 66 Company and Marathon Petroleum Supply & Trading LLC accounted for about 21% and 12% of total product sales. Chord has agreed to sell its non-operated Marcellus assets for total gross consideration of $550.0 million, including a $55.0 million deposit received in the quarter, with closing expected in 4Q26. (Chord Energy Form 10-K, 2025, Feb 26, 2026; Chord Energy Q3 2026 release, Nov 4, 2026)

Chord Energy's GAAP diluted EPS was $3.29 in Q3 2026 and its adjusted diluted EPS $6.08. The gap is mostly derivatives: GAAP net income of $181.6 million included a $246.0 million net loss on derivative instruments, while adjusted net income counts only the $48.7 million realized loss on commodity contracts. Per share, the derivative loss added back $4.49 and the tax impact of the adjustments took off $0.86. (Chord Energy Q3 2026 release, Nov 4, 2026; Chord Energy Form 10-Q, Q3 2026, Nov 5, 2026)

Buybacks cut the share count. Diluted weighted average shares were 54,745 thousand, against 57,157 thousand a year earlier. Chord repurchased $205MM of stock at an average price of $135.74 per share in 3Q26 and another $78MM in 4Q26 through October 30, 2026, and paid a $1.30 per share base dividend. (Chord Energy Q3 2026 release, Nov 4, 2026)

The effective tax rate was 26.1%, against 23.6% a year earlier; the 10-Q says it was above the 21% federal rate mainly because of state income taxes. Lease operating expenses were $282.5 million, or $10.56 per Boe, and depreciation, depletion and amortization $390.7 million. (Chord Energy Form 10-Q, Q3 2026, Nov 5, 2026; Chord Energy Q3 2026 release, Nov 4, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Chord Energy guides operating and cash flow figures, not revenue or EPS. With Q3 2026 results it raised the FY26 oil volume midpoint to 162.5 MBopd from 161.0 MBopd, set a 4Q26 oil volume midpoint of 161.0 MBopd, and raised the FY26 CapEx midpoint to $1.46B from $1.4B. It expects about $3.4B of Adjusted EBITDA and $1.6B of Adjusted Free Cash Flow in 2026, assuming $90/Bbl WTI and $3.00/MMBtu Henry Hub for 4Q26. (Chord Energy Q3 2026 release, Nov 4, 2026)

Chord said 4Q26 volumes and CapEx reflect lower activity after it dropped its second frac crew in July, with plans to reinstate it in late 2026 or early 2027. It plans to turn in line 149 to 155 gross operated wells in FY26 and expects annual run-rate savings of $225MM. (Chord Energy Q3 2026 release, Nov 4, 2026)

A consensus figure is the average of the models published by the analysts who cover Chord Energy, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Chord Energy's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning CHRD is on is CHRD a buy or a sell?, what analysts expect next is on the CHRD forecast, and what the company does is on the Chord Energy (CHRD) stock page.

Every number on this page can be traced to a document Chord Energy published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.