Chord Energy Declares $1.30 Quarterly Dividend
Chord Energy Corp, an independent oil and gas producer focused on the Williston Basin, declared a quarterly base dividend of $1.30 per share. The dividend is payable March 27 to shareholders of record as of March 12.
Chord Energy Corp, an independent oil and gas producer focused on the Williston Basin, declared a quarterly base dividend of $1.30 per share. The dividend is payable March 27, 2026 to shareholders of record as of March 12, 2026. Read more dividend announcements.
The payment represents the company's fourth quarter 2025 base dividend. For the full year 2025, Chord declared aggregate base dividends of $5.20 per share.
| Dividend Details | Date |
|---|---|
| Amount per Share | $1.30 |
| Record Date | March 12, 2026 |
| Payment Date | March 27, 2026 |
| Type | Quarterly Base Dividend |
Fourth Quarter 2025 Financial Performance
Chord generated net income of $84.4 million in the fourth quarter, with adjusted net income of $72.7 million, or $1.28 per diluted share. Net cash provided by operating activities totaled $405.0 million for the quarter.
The company returned approximately 50% of adjusted free cash flow to shareholders during the quarter through the base dividend and $10.0 million in share repurchases. Chord repurchased 103,057 shares at a weighted average price of $97.01 per share.
Shares outstanding stood at 56.8 million as of December 31, 2025, or 57.2 million on a fully-diluted basis, compared to 56.9 million at September 30, 2025. The company's fully-diluted share count declined more than 5% year-over-year.
Operational Results
Oil volumes reached 153.0 thousand barrels per day in the fourth quarter, at the high end of guidance. Capital expenditures totaled $305.2 million, excluding $8.0 million of reimbursable non-operated spending, coming in below the low end of guidance.
Lease operating expenses of $9.72 per barrel of oil equivalent aligned with the midpoint of guidance. For the full year 2025, lease operating expenses of $9.73 per barrel came in below initial expectations despite lower natural gas volumes.
Adjusted EBITDA for the quarter reached $506.4 million. Adjusted free cash flow totaled $175.0 million, excluding reimbursable non-operated capital expenditures.
Reserves and Inventory
Chord reported total proved reserves of 917.5 million barrels of oil equivalent at December 31, 2025, based on reports from independent reserve engineers Netherland, Sewell & Associates. Proved developed reserves stood at 629.5 million barrels of oil equivalent, with proved undeveloped reserves at 288.0 million barrels.
The company's proved reserves generated a PV-10 value of $9.07 billion. Crude oil represented 514.7 million barrels of total proved reserves, with natural gas liquids accounting for 174.1 million barrels and natural gas totaling 1.37 trillion cubic feet.
For full year 2025, Chord improved inventory quality by lowering its weighted average breakeven by more than 10% year-over-year. The company completed its acquisition of core Williston Basin assets from XTO Energy during the year and repurchased 3.5 million shares of common stock across all four quarters.