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Chord Energy Beats Production Guidance, Raises Full-Year Oil Outlook

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-- Chord Energy (CHRD) reported on Tuesday its Q1 2026 oil production volumes at 158,000 barrels per day, beating guidance at 152,500 b/d to 155,500 b/d.

Natural gas liquids production came in at 49,000 b/d, matching the high end of company forecasts.

Natural gas output also topped expectations, reaching 411.4 million cubic feet per day, above the guided range of 401 MMcf/d to 409 MMcf/d.

Chord Energy said cash flow from operations and adjusted free cash flow both beat expectations during the quarter, supported by the stronger oil volumes and capital spending that remained in line with plans.

Citing solid drilling, completions, and production performance, the company raised its full-year 2026 oil production outlook by 2,000 b/d to 161,000 b/d, while leaving its capital budget unchanged.

The company also provided an update on its first full 4-mile development project, saying it successfully executed and brought online the five-well Toonie pad.

Project performance is tracking in line with expectations, the company said.

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