CHRD Q3 FY26 earnings call: key takeaways

• Chord Energy reported adjusted free cash flow of $42 million in the third quarter of 2026, exceeding expectations as the company raised its fourth quarter volume guidance above both August expectations and consensus estimates (14:04)

Results vs expectations

EPS basis: Unverified: provider EPS matches neither the SEC filing nor the press release

What changed since last quarter

• The company raised its fourth quarter volume guidance above both August expectations and consensus estimates. (14:04)
• The team has delivered $225 million of incremental free cash flow generation over the past two years from controllable items, including higher production and improved marketing costs. (16:58)

What analysts pressed on

• Whether the additional capex on midstream will support potential growth next year. (35:31)
• Concerns about the impact of service inflation on drilling and completion costs. (46:31)
• Questions about the timing and impact of the second frack crew returning in late 2026. (39:58)

In their words

• We have grown free cash flow per share by roughly 35% over the past two years on a price neutral basis. (10:43)
• We're making progress drilling more of our four-mile wells in a single run, while frack productivity is improved. (15:17)
• We have an incredibly talented team committed to executing our strategy and creating long-term value for our shareholders. Michael Liu (47:20)