Chord Energy (CHRD) Q3 FY2026 earnings: revenue $1.7 billion, up 30.0% on the year

Chord Energy Corp. (CHRD) reported revenue of $1.7 billion for Q3 FY2026, the quarter ended 30 September 2026, up 30.0% on the same quarter a year earlier. Net income was $182 million, up 39.5% on the year, and diluted earnings per share $3.29. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$1.7 billion

+30.0% on the year · -21.5% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

29.6%

13.0% a year earlier

Q4 FY2024Q3 FY2026

Net income

$182 million

+39.5% on the year · -65.4% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$3.29

+45.6% on the year · -64.5% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 raised, 1 lowered, 14 new, 1 kept.

Oil volumes above guidance top end: Oil volumes were 165.5 MBopd, above the top end of guidance. Natural gas and NGL volumes were also above the top end. Total volumes were 290.8 MBoepd.
Four-mile wells turned in line: Chord turned in line 24 additional 4-mile wells across five pads in 3Q26. Total 4-mile wells turned in line reached 47, and 70% of lateral footage was drilled as 4-mile wells.
Third-party marketing agreements signed: Chord executed numerous third-party marketing agreements year to date for crude oil, natural gas and water across its Williston Basin acreage, expected to save $35MM to $55MM annualized.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	1,706	2,173	1,312	-21.5%	+30.0%
Cost of revenue	296	672	341	-55.9%	-13.1%
Gross profit	1,410	1,501	971	-6.1%	+45.2%
Gross margin	82.6%	69.1%	74.0%
Operating income	505	603	171	-16.2%	+195.7%
Operating margin	29.6%	27.7%	13.0%
Interest expense	26.7	26.7	18.7	+0.3%	+42.9%
Income tax	64.1	162	40.2	-60.5%	+59.5%
Net income	182	525	130	-65.4%	+39.5%
Net margin	10.6%	24.2%	9.9%
Diluted EPS	$3.29	$9.28	$2.26	-64.5%	+45.6%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	781	1,116	559	-30.0%	+39.8%
Cash from investing	-315	-506	-373
Cash from financing	-273	-224	402
Depreciation and amortisation	391	409	375	-4.5%	+4.2%
Share-based compensation	6.6	8.8	6.5	-24.4%	+2.6%
Buybacks	201	150	83.8	+34.0%	+139.8%
Dividends paid	71.4	73.5	74.6	-2.9%	-4.3%
Dividend per share	n/a	n/a	$1.30
Diluted shares, weighted	55m	57m	57m	-3.3%	-4.2%
Shares outstanding at period end	54m	55m	57m	-2.7%	-5.6%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	8,267	8,357	8,074	-1.1%	+2.4%
Debt	1,482	1,481	1,479	+0.1%	+0.2%
Operating lease liabilities	13.6	13.9	5.8	-2.1%	+135.0%
Other liabilities	4,209	3,865	3,539	+8.9%	+18.9%
Total liabilities and equity	13,971	13,717	13,097	+1.9%	+6.7%
Fixed assets	10,903	11,339	10,779	-3.8%	+1.1%
Goodwill	n/a	n/a	0.0
Cash and equivalents	805	612	629	+31.6%	+27.9%
Receivables	1,448	1,338	1,210	+8.2%	+19.7%
Inventory	112	121	108	-7.8%	+3.2%
Other assets	703	308	370	+128.6%	+90.0%
Total assets	13,971	13,717	13,097	+1.9%	+6.7%

Questions

What was Chord Energy's revenue in Q3 FY2026?

Chord Energy (CHRD) reported revenue of $1.7 billion for Q3 FY2026, the quarter ended 30 September 2026, up 30.0% on the same quarter a year earlier.

How much did Chord Energy earn in Q3 FY2026?

Net income for Q3 FY2026 was $182 million, up 39.5% on the year, and diluted earnings per share $3.29.

When did Chord Energy report Q3 FY2026 results?

Chord Energy filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 * †	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	522	653	789	1,189	1,016	897	912	1,123	965	1,085	1,261	1,450	1,455	1,215	1,181	1,312	1,169	1,666	2,173	1,706
Cost of revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	330	n/a	111	232	341	291	510	672	296
Gross profit	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	1,121	n/a	1,104	949	971	878	1,156	1,501	1,410
Gross margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	77%	n/a	91%	80%	74%	75%	69%	69%	83%
Operating income	234	292	331	537	424	326	251	353	343	273	289	273	265	338	-403	171	91.9	333	603	505
Operating margin	45%	45%	42%	45%	42%	36%	28%	31%	36%	25%	23%	19%	18%	28%	-34%	13%	8%	20%	28%	30%
Interest expense	-18.6	7.2	6.9	8.6	6.5	7.1	7.2	7.9	6.3	7.6	12.2	19.1	17.6	15.8	18.8	18.7	26.8	26.6	26.7	26.7
Pre-tax income	58.6	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	n/a	n/a	n/a	n/a	n/a	n/a
Tax rate	-2%	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	n/a	n/a	n/a	n/a	n/a	n/a
Net income	218	466	131	882	378	297	216	209	302	199	213	225	211	220	-390	130	84.4	109	525	182
Net margin	42%	71%	17%	74%	37%	33%	24%	19%	31%	18%	17%	16%	14%	18%	-33%	10%	7%	7%	24%	11%
Diluted EPS	$10.68	$24.14	$6.23	$20.45	$8.64	$6.87	$4.96	$4.77	$6.93	$4.65	$4.25	$3.59	$3.43	$3.66	-$6.77	$2.26	$1.48	$1.90	$9.28	$3.29
Operating cash flow	269	266	396	784	478	469	408	399	543	407	461	663	566	657	420	559	405	507	1,116	781
Buybacks	n/a	0.0	0.0	125	27.1	15.0	30.8	111	82.2	32.0	61.7	146	204	215	58.9	83.8	7.0	67.7	150	201
Dividends paid	9.8	70.6	69.3	360	155	202	135	56.9	106	152	129	156	92.2	86.5	82.4	74.6	74.3	74.2	73.5	71.4
Shares outstanding	19m	20m	20m	42m	41m	42m	41m	41m	41m	42m	62m	61m	60m	58m	58m	57m	57m	56m	55m	54m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.