A Business at a Glance
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Chord Energy Corp
CHRD
$8.3B
Mkt Cap
$138.36
-0.38%
Chord Energy Corp (CHRD) has a current P/E ratio of 187.0, compared to its historical median P/E of 6.3. The stock is currently considered Expensive based on its historical valuation range.
Chord Energy Corp (CHRD) has a 5-year average return on invested capital (ROIC) of 30.9%. This indicates strong capital allocation and a potential competitive advantage.
Chord Energy Corp (CHRD) has a market capitalization of $7.8B. It is classified as a mid-cap stock.
Yes, Chord Energy Corp (CHRD) pays a dividend with a trailing twelve-month yield of 3.92%. The company also returns capital through share buybacks, with a buyback yield of 2.79%.
Based on historical P/E analysis, Chord Energy Corp (CHRD) appears expensive. The current P/E of 187.0 is 2859% above its historical median of 6.3. The estimated fair value CAGR (P/E method) is 119.7%.
Chord Energy Corp (CHRD) operates in the Crude Petroleum & Natural Gas industry, within the Energy sector.
Chord Energy Corp (CHRD) reported annual revenue of $4.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
Chord Energy Corporation is an independent exploration and production company engaged in the acquisition, exploration, development and production of crude oil, natural gas liquids, and natural gas, primarily in the Williston Basin with limited non-operated interests in the Marcellus Shale. As of December 31, 2025, the company operated 1,302,921 net leasehold acres in the Williston Basin, substantially all held by production, with 5,025 gross (3,937.3 net) operated producing wells averaging 78% working interest, generating average daily production of 276,620 net Boepd and proved reserves of 917.5 MMBoe (69% proved developed, 56% crude oil). The company's business model emphasizes rigorous capital discipline and sustainable free cash flow generation through efficient execution of development drilling programs focused on the Middle Bakken and Three Forks formations, with a strategic shift toward longer laterals (3-mile and 4-mile wells) that deliver 90%–100% higher EUR for 40%–60% more capital, translating to $8–$12 per barrel cost-of-supply reductions. Chord's capital allocation framework targets low reinvestment rates and peer-leading shareholder returns through a base cash dividend of $1.30 per share per quarter and opportunistic share repurchases, with a $1 billion repurchase program authorized in Q3 2025; since 2021, the company has declared $61.19 per share in aggregate dividends and repurchased $1.3 billion in shares. The company maintains a strong balance sheet with $2,156.7 million of liquidity available as of December 31, 2025, including $189.5 million in cash and $1,967.2 million of unused borrowing capacity, positioning it to navigate commodity cycles while pursuing acquisitions that extend inventory.
【Flat-to-modest volume growth strategy】 Management is maintaining a disciplined, low-to-no oil growth program for 2026 given global supply-demand uncertainties and the risk of additional volumes entering the market, though the company has updated guidance to reflect a 2,000 barrel-per-day increase in oil volumes as operational efficiencies and cycle time improvements accelerate activity. Capital spending is expected to remain consistent with prior guidance despite improved execution, with the company prioritizing capital reduction over incremental volume growth, though management indicated willingness to allow modest volume upside if efficiencies continue and oil prices remain elevated. Chord is scaling its 4-mile lateral program in 2026, with approximately 40% of total infill locations and 60% of spuds expected to be 4-mile wells, building on strong early performance and cost reductions that have consistently come in below initial expectations. The company expects to generate approximately $1.4 billion in free cash flow in 2026 at $80 per barrel oil and $3.25 per MMBtu natural gas, with shareholder distributions expected to remain robust through a combination of base dividend and share repurchases, while management continues to focus on operational improvements, workover opportunities, and artificial intelligence-driven optimization across the existing well base to drive incremental returns.
| Metric | Target | Period |
|---|---|---|
| Free cash flow | approximately $1.4 billion | FY2026 |
| Oil volumes | 157,000–161,000 barrels per day | FY2026 |
| Capital expenditure | $1.4 billion | FY2026 |
| Base cash dividend | $1.30 per share per quarter ($5.20 per share annualized) | FY2026 |
Free cash flow (FY2026): “Assuming benchmark prices of $80 per barrel of oil and $3.25 per MMBtu of natural gas for the balance of 2026. We expect to generate approximately $1.4 billion of free cash flow this year.”
Oil volumes (FY2026): “As a reminder, we intend to run a low to no oil growth program, yielding average volumes of 157,000-161,000 barrels of oil per day, with capital of $1.4 billion.”
Capital expenditure (FY2026): “This would result in total 2026 CapEx of roughly $1.4 billion.”
Base cash dividend (FY2026): “The return of capital plan includes a base cash dividend of $1.30 per share per quarter ($5.20 per share annualized) and a $1 billion share repurchase program, which the Board of Directors authorized during the third quarter of 2025.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 5.3B | 4.9B | 5.3B | 3.9B | 3.6B | 1.6B |
| Net Income | -67M | 44M | 849M | 1.0B | 1.9B | 320M |
| EPS | $-1.06 | $0.74 | $16.02 | $23.51 | $57.55 | $7.74 |
| Free Cash Flow | 0 | 2.0B | 2.1B | 1.8B | 1.9B | 914M |
| ROIC | -3.1% | 1.3% | 11.4% | 20.1% | 55.0% | 66.5% |
| Gross Margin | - | 6.6% | 24.9% | 35.9% | 49.2% | 54.2% |
| Debt/Equity | 0.18 | 0.19 | 0.10 | 0.08 | 0.09 | 0.40 |
| Dividends/Share | $5.43 | $5.20 | $10.15 | $11.88 | $27.03 | $2.71 |
| Operating Income | 193M | 197M | 1.1B | 1.3B | 1.6B | 809M |
| Operating Margin | 3.6% | 4.0% | 20.9% | 32.7% | 43.4% | 51.2% |
| ROE | -0.8% | 0.5% | 12.3% | 21.0% | 65.0% | 32.8% |
| Shares Outstanding | 56M | 60M | 53M | 44M | 32M | 41M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.4B | 790M | 705M | 1.3B | 2.3B | 1.9B | N/A | 1.6B | 3.6B | 3.9B | 5.3B | 4.9B | 5.3B |
| Gross Margin | 53.1% | -2.7% | -5.9% | 18.2% | 10.4% | 2.0% | N/A | 54.2% | 49.2% | 35.9% | 24.9% | 6.6% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 92M | 92M | 89M | 92M | 121M | 129M | 145M | 81M | 209M | 126M | 206M | 126M | 125M |
| EBIT | 646M | -114M | -131M | 144M | 119M | -90M | -5.0B | 809M | 1.6B | 1.3B | 1.1B | 197M | 193M |
| Op. Margin | 46.4% | -14.5% | -18.6% | 11.1% | 5.1% | -4.7% | N/A | 51.2% | 43.4% | 32.7% | 20.9% | 4.0% | 3.6% |
| Net Income | 507M | -40M | -243M | 124M | -35M | -128M | -3.6B | 320M | 1.9B | 1.0B | 849M | 44M | -67M |
| Net Margin | 36.5% | -5.1% | -34.5% | 9.6% | -1.5% | -6.6% | N/A | 20.2% | 50.9% | 26.3% | 16.2% | 0.9% | -1.3% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 10M | 4.8B | 223M | 4.9M | -2.8M | 17M | 548M | 548M |
| Returns on Capital | |||||||||||||
| ROIC | 9.0% | -0.9% | -4.9% | 2.7% | 2.0% | -2.0% | -96.8% | 66.5% | 55.0% | 20.1% | 11.4% | 1.3% | -3.1% |
| ROE | 27.1% | -1.7% | -9.3% | 3.9% | -1.0% | -3.5% | -159.9% | 32.8% | 65.0% | 21.0% | 12.3% | 0.5% | -0.8% |
| ROA | 8.6% | -0.7% | -4.1% | 1.9% | -0.5% | -1.7% | -75.4% | 12.3% | 38.4% | 15.1% | 8.5% | 0.3% | -0.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 873M | 360M | 228M | 508M | 996M | 893M | 203M | 914M | 1.9B | 1.8B | 2.1B | 2.0B | 1.9B |
| Free Cash Flow | 703M | 100M | 228M | 508M | 996M | 893M | 203M | 914M | 1.9B | 1.8B | 2.1B | 2.0B | 0 |
| Owner Earnings | 439M | -151M | -272M | -49M | 331M | 72M | -119M | 740M | 1.5B | 1.2B | 966M | 545M | 360M |
| CapEx | 170M | 260M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 412M | 485M | 476M | 531M | 636M | 787M | 291M | 158M | 370M | 599M | 1.1B | 1.5B | 1.5B |
| Growth CapEx | 0 | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 412M | 485M | 476M | 531M | 636M | 787M | 291M | 158M | 370M | 599M | 1.1B | 1.5B | 1.5B |
| CapEx/OCF | 19.5% | 72.3% | 19.0% | 16.4% | 6.9% | 9.2% | 53.1% | 0.9% | 1.1% | 2.5% | 2.1% | 0.4% | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 112M | 655M | 500M | 530M | 318M | 305M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 4.9% | 19.7% | 8.9% | 7.1% | 5.4% | 3.9% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100M | 152M | 239M | 444M | 365M | 217M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.8% | 4.4% | 3.7% | 7.9% | 6.7% | 2.8% |
| Stock-Based Comp | 21M | 25M | 24M | 27M | 29M | 34M | 31M | 15M | 61M | 46M | 23M | 26M | 27M |
| Debt Repayment | 456M | 992M | 1.2B | 1.4B | 2.6B | 2.0B | 686M | 907M | 1.0B | 260M | 3.1B | 4.3B | 4.3B |
| Balance Sheet | |||||||||||||
| Net Debt | 2.6B | 2.3B | 2.3B | 2.1B | 2.7B | 2.7B | 254M | 236M | -175M | 111M | 860M | 1.3B | 1.3B |
| Cash & Equiv. | 46M | 9.7M | 11M | 17M | 22M | 20M | 11M | 172M | 593M | 318M | 37M | 190M | 226M |
| Long-Term Debt | 2.7B | 2.3B | 2.3B | 2.1B | 2.7B | 2.7B | 260M | 393M | 394M | 396M | 843M | 1.5B | 1.5B |
| Debt/Equity | 1.43 | 0.99 | 0.79 | 0.62 | 0.73 | 0.75 | 0.29 | 0.40 | 0.09 | 0.08 | 0.10 | 0.19 | 0.18 |
| Interest Coverage | 4.1 | -0.8 | -0.9 | 1.0 | 0.7 | -0.6 | -35.1 | 26.3 | 54.0 | 44.5 | 19.5 | 2.5 | 17.3 |
| Equity | 1.9B | 2.3B | 2.9B | 3.4B | 3.7B | 3.6B | 916M | 1.0B | 4.7B | 5.1B | 8.7B | 8.1B | 8.0B |
| Total Assets | 5.9B | 5.6B | 6.2B | 6.6B | 7.6B | 7.5B | 2.2B | 3.0B | 6.6B | 6.9B | 13.0B | 13.1B | 13.2B |
| Total Liabilities | 4.0B | 3.3B | 3.3B | 3.1B | 3.7B | 3.7B | 1.1B | 1.8B | 2.0B | 1.8B | 4.3B | 5.0B | 5.2B |
| Intangibles | N/A | N/A | N/A | 0 | 125K | 0 | 44M | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 875M | 835M | 592M | 718M | 683M | 554M | -50M | 270M | 1.4B | 2.0B | 2.3B | 2.0B | 2.1B |
| Working Capital | -99M | -5.3M | -143M | -216M | -58M | -166M | -70M | 390M | 121M | 259M | -105M | 87M | 41M |
| Current Assets | 697M | 365M | 239M | 416M | 554M | 437M | 272M | 1.6B | 1.5B | 1.4B | 1.6B | 1.5B | 1.7B |
| Current Liabilities | 795M | 371M | 381M | 631M | 612M | 603M | 341M | 1.2B | 1.4B | 1.2B | 1.7B | 1.5B | 1.7B |
| Per Share Data | |||||||||||||
| EPS | 5.05 | -0.31 | -10.56 | 4.16 | -0.88 | -3.28 | -1,449.39 | 7.74 | 57.55 | 23.51 | 16.02 | 0.74 | -1.06 |
| Owner EPS | 4.37 | -1.16 | -11.84 | -1.66 | 8.25 | 1.84 | -47.58 | 17.93 | 46.29 | 26.99 | 18.24 | 9.07 | 6.39 |
| Book Value | 18.65 | 17.86 | 127.02 | 113.44 | 93.11 | 93.00 | 364.68 | 25.01 | 145.10 | 116.58 | 164.28 | 134.49 | 142.96 |
| Cash Flow/Share | 8.69 | 2.77 | 9.91 | 17.07 | 24.84 | 22.84 | 80.80 | 22.14 | 59.65 | 41.79 | 39.59 | 33.97 | 25.55 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 | 2.71 | 27.03 | 11.88 | 10.15 | 5.20 | 5.43 |
| Shares Out. | 100.4M | 129.8M | 23.0M | 29.8M | 40.1M | 39.1M | 2.5M | 41.3M | 32.3M | 43.5M | 53.0M | 60.1M | 56.3M |
| Valuation | |||||||||||||
| P/E Ratio | 2.1 | N/A | N/A | 10.1 | N/A | N/A | N/A | 5.6 | 1.9 | 6.3 | 6.6 | 121.7 | -130.7 |
| P/FCF | 1.5 | 5.7 | 1.0 | 0.3 | 0.1 | 0.1 | 0.3 | 3.9 | 1.8 | 3.6 | 2.7 | 2.7 | N/A |
| EV/EBIT | 5.6 | N/A | N/A | 23.0 | 31.8 | 17.6 | N/A | 4.5 | 1.7 | 4.9 | 5.8 | 33.0 | 46.9 |
| Price/Book | 0.6 | 0.2 | 0.6 | 0.4 | 0.3 | 0.0 | 0.5 | 3.5 | 0.7 | 1.3 | 0.6 | 0.7 | 1.0 |
| Price/Sales | 1.9 | 1.4 | 1.5 | 1.2 | 0.9 | 0.0 | N/A | 1.5 | 0.9 | 1.4 | 1.4 | 1.2 | 1.5 |
| FCF Yield | 67.4% | 17.4% | 12.8% | 40.8% | 91.0% | 2278.2% | 44.8% | 25.6% | 55.2% | 28.1% | 37.3% | 37.7% | N/A |
| Market Cap | 1.0B | 572M | 1.8B | 1.2B | 1.1B | 39M | 453M | 3.6B | 3.5B | 6.5B | 5.6B | 5.4B | 7.8B |
| Avg. Price | 26.01 | 8.28 | 5.84 | 6.61 | 6.51 | 2.89 | 2.78 | 55.20 | 103.19 | 129.31 | 141.79 | 98.78 | 138.36 |
| Year-End Price | 10.39 | 4.41 | 9.71 | 5.23 | 3.41 | 1.95 | 23.37 | 85.94 | 108.13 | 148.53 | 106.24 | 90.04 | 138.36 |
Chord Energy Corp passes 5 of 9 quality checks, suggesting mixed fundamentals.
Chord Energy Corp trades at 187.0x trailing earnings, compared to its 15-year median P/E of 6.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 3.9x vs a median of 1.4x. The company's 5-year average ROIC is 30.9% with a gross margin of 34.2%. Total shareholder yield (dividends + buybacks) is 6.7%. At current prices, the estimated annualized return to fair value is +22.8%.
Chord Energy Corp (CHRD) has a net profit margin of 0.9%. This is a modest margin.
Chord Energy Corp (CHRD) generated $2.0 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Chord Energy Corp (CHRD) has a debt-to-equity ratio of 0.19. This indicates a conservatively financed balance sheet.
Chord Energy Corp (CHRD) reported earnings per share (EPS) of $0.74 in its most recent fiscal year.
Chord Energy Corp (CHRD) has a return on equity (ROE) of 0.5%. This indicates moderate shareholder returns.
Chord Energy Corp (CHRD) has a 5-year average gross margin of 34.2%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for Chord Energy Corp (CHRD), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Chord Energy Corp (CHRD) has a book value per share of $134.49, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management is maintaining a disciplined, low-to-no oil growth program for 2026 given global supply-demand uncertainties and the risk of additional volumes entering the market, though the company has updated guidance to reflect a 2,000 barrel-per-day increase in oil volumes as operational efficiencies and cycle time improvements accelerate activity. Capital spending is expected to remain consistent with prior guidance despite improved execution, with the company prioritizing capital reduction over incremental volume growth, though management indicated willingness to allow modest volume upside if efficiencies continue and oil prices remain elevated. Chord is scaling its 4-mile lateral program in 2026, with approximately 40% of total infill locations and 60% of spuds expected to be 4-mile wells, building on strong early performance and cost reductions that have consistently come in below initial expectations. The company expects to generate approximately $1.4 billion in free cash flow in 2026 at $80 per barrel oil and $3.25 per MMBtu natural gas, with shareholder distributions expected to remain robust through a combination of base dividend and share repurchases, while management continues to focus on operational improvements, workover opportunities, and artificial intelligence-driven optimization across the existing well base to drive incremental returns.
Based on recent SEC filings and earnings calls, Chord Energy Corp (CHRD) has provided the following forward guidance: Free cash flow: approximately $1.4 billion (FY2026); Oil volumes: 157,000–161,000 barrels per day (FY2026); Capital expenditure: $1.4 billion (FY2026); Base cash dividend: $1.30 per share per quarter ($5.20 per share annualized) (FY2026).