Chord Energy (NASDAQ:CHRD) Issues Quarterly Earnings Results, Beats Expectations By $0.40 EPS

Chord Energy (NASDAQ:CHRD) released its quarterly earnings results on Wednesday. The company reported $6.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.68 by $0.40, Zacks reports. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.64 billion. Chord Energy had a return on equity of 10.18% and a net margin of 13.42%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.35 EPS.

Chord Energy Price Performance

NASDAQ CHRD traded up $8.18 during midday trading on Thursday, hitting $140.51. The company had a trading volume of 276,495 shares, compared to its average volume of 850,866. The company has a market capitalization of $7.69 billion, a PE ratio of 9.44 and a beta of 0.48. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $145.76 and a 200-day moving average price of $131.45. Chord Energy has a twelve month low of $84.25 and a twelve month high of $159.96.

Chord Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Shareholders of record on Thursday, November 19th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Thursday, November 19th. Chord Energy’s dividend payout ratio (DPR) is 34.85%.

Chord Energy News Roundup

Here are the key news stories impacting Chord Energy this week:

• Positive Sentiment: Raised 2026 outlook: Production exceeded the high end of guidance, and Chord increased its full-year oil-volume estimate by about 1% to 162.5 thousand barrels per day. It also lifted its 2026 adjusted free cash flow expectation by roughly $200 million since its August outlook. The company cited strong price realizations and operational performance. Chord Energy third-quarter results and updated outlook
• Positive Sentiment: Quarterly results beat estimates: Third-quarter adjusted EPS was $6.08, above analyst estimates of $5.68–$5.89. Revenue of $1.71 billion also topped the $1.64 billion consensus and rose 30% year over year. Chord Energy beats third-quarter earnings and revenue estimates
• Positive Sentiment: Shareholder returns: Chord declared a $1.30-per-share quarterly dividend, equivalent to $5.20 annualized and a 3.9% yield. It also repurchased $205 million of shares in Q3 and a further $78 million through October 30. The dividend is payable December 7 to holders of record November 19. Chord Energy results, dividend, and outlook announcement
• Positive Sentiment: Potential cost savings: Marketing agreements are expected to generate $35 million–$55 million in annualized adjusted free-cash-flow savings over time, adding another support to the company’s cash-flow outlook. Chord Energy third-quarter results and outlook

Insider Activity

In related news, Director Douglas Brooks sold 8,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $133.14, for a total value of $1,065,120.00. Following the transaction, the director owned 10,705 shares in the company, valued at approximately $1,425,263.70. This trade represents a 42.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Shannon Kinney sold 4,019 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $140.00, for a total value of $562,660.00. Following the completion of the transaction, the executive vice president owned 13,560 shares in the company, valued at $1,898,400. The trade was a 22.86% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 23,969 shares of company stock worth $3,389,599. 0.79% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CHRD has been the subject of a number of research reports. Zacks Research raised Chord Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 20th. Citigroup upped their price target on shares of Chord Energy from $130.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, September 17th. Scotiabank began coverage on shares of Chord Energy in a research note on Wednesday, October 14th. They issued a “sector outperform” rating and a $192.00 price target on the stock. UBS Group raised their price target on shares of Chord Energy from $193.00 to $197.00 and gave the stock a “buy” rating in a research report on Tuesday, October 20th. Finally, Weiss Ratings upgraded shares of Chord Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Chord Energy currently has a consensus rating of “Moderate Buy” and an average target price of $174.54.

About Chord Energy

Chord Energy Corporation is an independent exploration and production company focused on the development and operation of oil and natural gas properties in the United States. Its portfolio is concentrated in the Williston Basin, which spans parts of North Dakota and Montana. The company’s production mix includes crude oil, natural gas and natural gas liquids.

Chord’s operations include acquiring, developing and producing hydrocarbons from operated and non-operated wells, with an emphasis on drilling and completion activities in the Bakken and Three Forks formations.