Recent Updates — CHRD

Chord Energy appointed Michael Lou as President and Chief Executive Officer, effective October 19, 2026, succeeding Daniel Brown who resigned to pursue another opportunity. The filing also disclosed preliminary third-quarter 2026 results, including $205 million in share repurchases and the announcement of a non-operated Marcellus assets divestiture for total gross consideration of $550 million, which included a $55 million deposit paid during the quarter. Chord Energy is an independent exploration and production company focused on unconventional oil resources in the Williston Basin.

Chord Energy Corporation announced that Executive Vice President, Chief Administrative Officer, General Counsel, and Corporate Secretary Shannon Kinney resigned effective August 31, 2026. She is departing to accept a position as General Counsel at ConocoPhillips. The company stated that her replacement will be announced at a later date. Chord Energy Corporation operates in the oil and gas industry, focusing on exploration and production.

Chord Energy Corporation reported second quarter 2026 financial results on August 5, 2026. The company generated net income of $525.2 million and adjusted free cash flow of $414.1 million. Oil production averaged 165.4 thousand barrels per day, meeting the high end of guidance, while capital expenditures were $416 million. Chord declared a base dividend of $1.30 per share, payable on September 4, 2026 to shareholders of record as of August 20, 2026. The company also repurchased $147.4 million in shares during the quarter and updated its full-year 2026 outlook, maintaining an adjusted EBITDA target of approximately $3.0 billion.