Filing Flows › Chord Energy (CHRD) › Q1 2026
Chord Energy (CHRD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Chord Energy (CHRD) reported revenue of $1.7B for the first quarter 2026 (Q1 2026), +37% from a year earlier and +42% from the quarter before. Operating margin was 20.0%, net earnings $109M (6.5% of revenue).
Chord Energy, Q1 2026: revenue $1.7B (+37% year over year), operating margin 20.0%, net earnings $109M, operating cash flow $507M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +42% | +37% |
| Operating profit | $333M | +263% | -1% |
| Net earnings | $109M | +29% | -51% |
| Operating cash flow | $507M | +25% | -23% |
| Free cash flow | $156M | +53% | -55% |
What changed
Revenue was $1.7B in Q1 2026, up 37% year over year and up 42% from the previous quarter. Crude oil revenues was the largest line at 60% of revenue. Oil and Gas, Purchased added $0.40B year over year (up 361%), 90% of the total change. Purchased natural gas sales declined 43%.
Operating profit was $0.33B, a 20.0% margin (down 7.8 points year over year). Operating profit fell $4.8M even though revenue rose $0.45B versus Q1 2025, so costs grew faster than sales. Total costs grew 52% against revenue growth of 37%. The fastest-growing cost line was Cost of revenue (+358%). Net earnings were $0.11B, down 51% year over year. The effective tax rate was -15.2%.
Operating cash flow was $0.51B (down 23% year over year), 467% of net earnings. Non-cash charges added back $0.38B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.35B left free cash flow of $0.16B.
Questions
What was Chord Energy's revenue in the first quarter 2026?
Chord Energy (CHRD) reported revenue of $1.7B for the first quarter 2026 (Q1 2026), +37% from a year earlier and +42% from the quarter before.
Was Chord Energy profitable in the first quarter 2026?
Operating profit was $333M (20.0% of revenue) and net earnings $109M.
Source: Chord Energy 10-Q on SEC EDGAR.