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Chord Energy Corporation

CHRD

Energy · 150.94 +1.0% today

Participation confirmed · construction unavailableMarket checked 11 Sept, 12:50 GMT-4

Market read

Chord Energy Corporation's move is being confirmed by its market group.

The latest filing evidence is available. 5 of 13 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

What changed
  • Revenue increased 84.0% versus the comparable filing period.
Company+1.0% todayVolume comparison unavailable
Market group5 of 13 activeOil & Gas · inactive
Disclosed network0 of 5 confirmingNo filing-linked name is confirming now
What would change this read
  • At least 9 of 13 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • A filing-linked outsider such as MNR begins moving with the group.

Invalidation: The live read weakens if participation falls to 4 of 13 members or fewer.

Watch this read

Research brief

The story so far

Energy · Oil & Gas E&P

The latest filing evidence is available. 5 of 13 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 84.0% versus the comparable filing period.
  • Operating income moved from a loss to a profit in the comparable period.
Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 9 of 13 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • A filing-linked outsider such as MNR begins moving with the group.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements271
Verified relationships5
Evidence supporting the case
  • Operating cash flow covered net income at 45.90x in the latest annual period.
Evidence challenging the case
  • Latest annual revenue changed -7.1% year over year.
  • Operating margin changed -16.9 percentage points in the latest annual period.
  • Net margin changed -15.2 percentage points in the latest annual period.
  • Diluted shares increased 9.7% in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 5 filings.
  • Energy and commodity prices has repeated adverse evidence across 5 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 5 filings.
Questions before a position
  • P/E is 2460% above the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 25% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

151.74
6m+21.6%12m+47.7%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$1.6B+86.9%$15.48
2022-12-31$3.6B+130.8%$57.55
2023-12-31$3.9B+6.9%$23.51+34.6%
2024-12-31$5.3B+34.8%$16.02+21.5%
2025-12-31$4.9B-7.1%$0.74+9.7%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 5 filings
The increase is primarily due to additional interest expense period over period on our senior unsecured notes of $35.0 million as a result of the issuance of the 2033 Senior Notes (defined below) and the 2030 Senior Notes (defined below) during 2025.
10-Q · Aug 6, 2026
Energy and commodity pricesmixed · 5 filings
During the six months ended June 30, 2026, we recorded a $133.6 million net loss on derivative instruments, which included a realized loss of $111.6 million on settled commodity derivative contracts, coupled with an unrealized loss of $22.0 million related to…
10-Q · Aug 6, 2026
Restructuring and cost reductionsnegative · 5 filings
Our effective tax rate for the six months ended June 30, 2026 was lower than the statutory federal rate of 21% primarily as a result of the identification of an error in the tax provision for the three and six months ended June 30, 2025 pertaining to the impa…
10-Q · Aug 6, 2026
Capital investment and capacitymixed · 4 filings
For the six months ended June 30, 2025, net cash used in investing activities of $677.8 million was primarily attributable to capital expenditures incurred to develop our oil and gas properties of $704.4 million and $26.2 million paid primarily for acreage in…
10-Q · Aug 6, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.8× · EV/sales 2.1×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

150.94+1.0% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 12:50 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for CHRD. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment

Fundamentals strengthened in the latest filing

10-Q filed 2026-08-06 against the comparable filing from 2025-08-07.

constructive
OperationsconstructiveEvidence score +4
liquidityneutralEvidence score 0
valuationmixed

Capital and cash conversion

Reported investment and cash context

Stock compensation / revenue
+0.8%
Inventory intensity change
-3.1 pts

Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.

What improved

  • Revenue increased 84.0% versus the comparable filing period.
  • Operating income moved from a loss to a profit in the comparable period.

What weakened

No thresholded deterioration was identified.

Filing receipts

The decrease was primarily attributable to a decrease in equity-based compensation expenses of $3.7 million due to the impact of our stock price on the fair value of our liability-based awards, coupled with a decrease of $2.5 million due to lower current expected credit losses and various cost decreases related to other G&A expenses of $1.4 million quarter over quarter.

Net Income (Loss) We had net income of $525.2 million and $633.8 million for the three and six months ended June 30, 2026, respectively, primarily due to increased realized oil prices and production volumes and net impacts from derivative instruments, compared to net losses of $389.9 million and $170.1 million for the three and six months ended June 30, 2025, respectively, primarily due to a non-cash impairment charge on our goodwill recorded during the second quarter of 2025.

This increase was partially offset by an $8.6 million decrease in interest expense on the Credit Facility (defined below) period over period and a $7.7 million decrease resulting from the repayment of the 2026 Senior Notes (defined below) during March 2025.

Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.

Business ecosystem

The relationships behind CHRD

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

PSX21.0% of CHRDcustomerFeb 26, 2026

For the year ended December 31, 2025, sales to Phillips 66 Company and Marathon Petroleum Supply & Trading LLC accounted for approximately 21 % and 12 %, respectively, of the Company’s total product sales.

MPC12.0% of CHRDcustomerFeb 26, 2026

For the year ended December 31, 2025, sales to Phillips 66 Company and Marathon Petroleum Supply & Trading LLC accounted for approximately 21 % and 12 %, respectively, of the Company’s total product sales.

XOMExxonMobil Holdings CorporationpartnerFeb 26, 2026

Acquisitions 2025 Acquisition On September 15, 2025, a wholly-owned subsidiary of the Company entered into a definitive agreement to acquire certain developed and undeveloped oil and gas assets located in the Williston Basin from XTO Energy Inc.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

CHRD is currently a Follower in the organic co-movement group Oil & Gas. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.