# Chord Energy Corporation (CHRD)

> Source: Nexqual · https://nexqual.com/CHRD · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Chord Energy Corporation (CHRD), nexqual.com/CHRD" · informational, not investment advice.

**Price:** USD 150.48 (-0.25% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 150.85 · day 146–152.47 · 52w 84.25–157.06 · market cap $8.23B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $6.32B, net income $848M (13.4% margin) (SEC filings).
- Valuation: P/E 9.7x (avg 45.0x at the last 3 fiscal year-ends), EV/EBITDA 3.3x, net debt $870M.
- 1 of 80 tracked superinvestors hold CHRD (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 8 Form 4 filings, $8.2M; 6 not under a Rule 10b5-1 plan ($4.7M); 2 by opportunistic insiders (2 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y +67.9% vs S&P 500 +14.9%; 5Y +110.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 5.72, revenue estimate $1.76B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.58B | $3.65B | $3.90B | $5.25B | $4.88B | $6.32B |
| Gross profit | — | — | $3.14B | $3.84B | $3.90B | — |
| Operating income | $809M | $1.58B | $1.27B | $1.10B | $197M | $1.20B |
| Net income | $320M | $1.86B | $1.02B | $849M | $44.5M | $848M |
| EPS (diluted) | $15.48 | $57.55 | $23.51 | $16.02 | $0.74 | — |
| Gross margin | — | — | 80.5% | 73.1% | 80.0% | — |
| Operating margin | 51.2% | 43.4% | 32.7% | 20.9% | 4.0% | 19.0% |
| Net margin | 20.2% | 50.9% | 26.3% | 16.2% | 0.9% | 13.4% |
| Revenue growth | — | +130.8% | +6.9% | +34.8% | -7.1% | — |
| Cash + short-term investments | $172M | $593M | $318M | $37.0M | $190M | — |
| Total debt | $393M | $394M | $396M | $843M | $1.48B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 9.7x · P/S 1.3x · EV/EBITDA 3.3x · EV/Sales 1.4x · P/B 1.0x · Earnings yield 10.31% · Dividend yield (paid, TTM) 3.60% · Buyback yield (TTM) 3.75% · Net debt $870M · EV $9.10B
P/E at fiscal year-ends: Dec 2025 120.6x, Dec 2024 7.3x, Dec 2023 7.0x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold CHRD. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Miller | Miller Value Partners | 1.87% | $7.9M | Reduced -0.3% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
2 of 8 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-01 | McKinney Samantha | Director | 9,750 | $1.5M | 57.3% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-20…2026-08-21 | Brown Daniel E | President and CEO | 13,704 | $2.1M | 7.1% | Yes (adopted March 16, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-08-11 | Kinney Shannon Browning | EVP, CAO, GC & Corp Secretary | 4,019 | $563K | 22.9% | No | Too little history (no open-market trades in 2023) |
| 2026-08-10 | McKinney Samantha | Director | 2,200 | $300K | 11.4% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-07 | Brooks Douglas E | Director | 8,000 | $1.1M | 42.8% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-07-23 | Lou Michael H | EVP, CSO, and CCO | 10,000 | $1.4M | 12.1% | Yes (adopted March 16, 2026) | Too little history (no open-market trades in 2025) |
| 2026-05-15 | Henke Darrin J. | EVP and COO | 1,276 | $186K | 5.7% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-07…2026-05-11 | Brooks Douglas E | Director | 8,000 | $1.1M | 30% | No | Too little history (no open-market trades in 2023 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | UBS | Target raised | Buy | $193 → $197 |
| 2026-10-15 | Scotiabank | Initiated | Sector Outperform | $192 |
| 2026-10-15 | Morgan Stanley | Target raised | Overweight | $169 → $178 |
| 2026-10-14 | Wells Fargo | Target lowered | Overweight | $175 → $174 |
| 2026-10-12 | Truist Securities | Target raised | Buy | $180 → $195 |
| 2026-10-06 | UBS | Target raised | Buy | $184 → $193 |
| 2026-10-05 | Mizuho | Target raised | Outperform | $175 → $179 |
| 2026-09-22 | UBS | Target lowered | Buy | $189 → $184 |
| 2026-09-18 | Jefferies | Target raised | Hold | $133 → $150 |
| 2026-09-17 | Truist Securities | Target raised | Buy | $166 → $180 |
| 2026-09-17 | Citigroup | Target raised | Neutral | $130 → $150 |
| 2026-09-14 | UBS | Target raised | Buy | $171 → $189 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +67.9% | +110.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +68.2% | +16.0% |
| Volatility (annualized) | 39.3% | 38.6% |
| Max drawdown | -24.8% (May 2026→Jul 2026) | -50.7% (May 2024→Mar 2025) |

## Peers (Oil & Gas E&P)
VIST (Vista Energy S.A.B. de C.V.) USD 70.61 -1.16% · SM (SM Energy Company) USD 38.42 -0.49% · MTDR (Matador Resources Company) USD 56.79 -1.66% · MGY (Magnolia Oil & Gas Corporation) USD 25.27 -0.63% · RRC (Range Resources Corporation) USD 43.86 +2.14% · MUR (Murphy Oil Corporation) USD 42.37 -1.37%

## More
Full page: https://nexqual.com/CHRD · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name CHRD in their own reports (relationship from CHRD's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| supplier | Summit Midstream Corp (SMC) | 10-K 2026-03-16 | "Chord Energy Corporation, Kraken Resources, Formentera, and Zavanna LLC are the key customers of the Polar and Divide system." |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Oil and Gas | $1.49B | 68.8% | +57.2% |
| — Crude oil revenues (part of Oil and Gas) | $1.41B | 65.1% | +61.0% |
| — NGL and natural gas revenues (part of Oil and Gas) | $79.3M | 3.7% | +11.2% |
| Oil and Gas, Purchased | $678.4M | 31.2% | +194.6% |
| — Purchased crude oil sales (part of Oil and Gas, Purchased) | $669.0M | 30.8% | +197.6% |
| — Purchased natural gas sales (part of Oil and Gas, Purchased) | $9.4M | 0.4% | +72.0% |
| Total revenue | $2.17B | 100% | — |

## Customer concentration

Period ended 2025-12-31: 21%, 12% of revenue from unnamed direct customers (10-K, filed 2026-02-26).

## Company outlook (8-K filed 2026-10-19)

- "Additionally, Marcellus-related preliminary CapEx exceeded expectations by approximately $6MM during 3Q26."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $5.72 | $4.27 | +33.9% | $1.76B | 17 |
| Next quarter (ends 2026-12-31) | $6.23 | $4.07 | +52.9% | $1.72B | 16 |
| Current fiscal year (ends 2026-12-31) | $23.04 | $19.51 | +18.1% | $7.26B | 17 |
| Next fiscal year (ends 2027-12-31) | $20.01 | $14.67 | +36.4% | $6.22B | 17 |