Filing Flows › Chord Energy (CHRD) › Q3 2026 › vs Q2 2026
Chord Energy (CHRD) Q3 2026 vs Q2 2026 (quarter over quarter)
Chord Energy's revenue fell $467M (-21%) from $2.2B in Q2 2026 to $1.7B in Q3 2026. The biggest changes: Oil and Gas, Purchased −$381M (-56%); Oil and Gas −$85.9M (-6%). Operating margin 29.6% against 27.7% (+1.9 pts).
Chord Energy, Q3 2026: revenue $1.7B (+30% year over year), operating margin 29.6%, net earnings $182M, operating cash flow $781M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 29.6% | 27.7% | +1.9 pts |
| Net margin | 10.6% | 24.2% | -13.5 pts |
| Free cash flow margin | 25.8% | 32.8% | -7.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Crude oil revenues | $1.3B | $1.4B | −$108M | -8% |
| Purchased crude oil sales | $286M | $669M | −$383M | -57% |
| NGL and natural gas revenues | $102M | $79.3M | $22.4M | +28% |
| Purchased natural gas sales | $11.8M | $9.4M | $2.4M | +25% |
| Oil and Gas | $1.4B | $1.5B | −$85.9M | -6% |
| Oil and Gas, Purchased | $298M | $678M | −$381M | -56% |
| Revenue | $1.7B | $2.2B | −$467M | -21% |
| Operating profit | $505M | $603M | −$97.7M | -16% |
| Costs & expenses | $1.2B | $1.6B | −$369M | -24% |
| Pre-tax earnings | $246M | $687M | −$442M | -64% |
| Other expense, net | $259M | −$84.5M | $344M | — |
| Cost of revenue | $296M | $672M | −$375M | -56% |
| General & admin | $32.0M | $29.9M | $2.1M | +7% |
| Other operating costs | $873M | $868M | $4.3M | +0.5% |
| Net earnings | $182M | $525M | −$344M | -65% |
| Income tax | $64.1M | $162M | −$98.0M | -60% |
| Depreciation & amortization | $391M | $409M | −$18.5M | -5% |
| Share-based compensation | $6.6M | $8.8M | −$2.1M | -24% |
| Working capital & other | $202M | $173M | $29.5M | +17% |
| Operating cash flow | $781M | $1.1B | −$335M | -30% |
| Free cash flow (OCF − capex) | $440M | $712M | −$272M | -38% |
| Capital expenditures | $342M | $404M | −$62.4M | -15% |
Questions
How much did Chord Energy's revenue grow quarter over quarter in Q3 2026?
Chord Energy's revenue fell $467M (-21%) from $2.2B in Q2 2026 to $1.7B in Q3 2026.
What drove Chord Energy's revenue change in Q3 2026?
Oil and Gas, Purchased −$381M (-56%); Oil and Gas −$85.9M (-6%).