Chord Energy exceeds Q3 production guidance by 6,900 barrels
- Chord Energy reported preliminary Q3 2026 production of 290,500–290,900 barrels of oil equivalent per day, exceeding the upper end of guidance by 6,500–6,900 barrels.
- Capital spending remained within guidance at US$379–US$385 million, while Chord repurchased US$205 million in shares during Q3 and reported US$804.7 million in cash.
- Chord announced a US$550 million sale of its non-operated Marcellus assets and said adjusted free cash flow exceeded expectations, although final quarterly results remain subject to adjustment.
Chord Energy (NASDAQ:CHRD) reported preliminary third-quarter production of 290,500–290,900 barrels of oil equivalent daily, exceeding its guidance ceiling of 284,000 barrels.
The production range exceeded July's forecast of 277,700–284,000 barrels daily, while capital spending remained within the US$360–US$390 million guidance range.
Chord repurchased US$205 million in shares during Q3 and another US$44.3 million early in Q4, while reporting stronger-than-expected adjusted free cash flow.
Capital expenditures totalled US$379–US$385 million, with cash of US$804.7 million, debt of US$1.48 billion and realised hedging losses of US$48.7 million.
Chord expects its US$550 million Marcellus divestiture to close in Q4 2026, subject to conditions
The company received a US$55 million deposit for the Marcellus transaction during Q3, with the remaining gross consideration payable upon completion.
Chord reported second-quarter adjusted free cash flow of US$414.1 million and previously outlined plans to concentrate its operations in the Williston Basin after the Marcellus sale.
