Chord Energy Expects Higher 2026 Free Cash Flow Per Share Than in 2024
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11:02:20 PM UTC
SquawkNews
Chord Energy reported third-quarter 2026 financial and operating results, with production volumes exceeding the high end of guidance. The company declared a base dividend of $1.30 per share, payable on December 7, 2026, to shareholders of record as of November 19, 2026. Additionally, Chord updated its 2026 outlook, projecting approximately $3.4 billion in Adjusted EBITDA and $1.6 billion in Adjusted Free Cash Flow. The company also noted the expected mid-fourth-quarter closing of its $550 million sale of non-operated Marcellus assets to POSCO International. During the third quarter, Chord repurchased $205 million in common stock, with an additional $78 million repurchased in the fourth quarter through October 30, 2026.