Chord Energy — May 6, 2025 release

We remain focused on optimizing capital allocation while operating safely and sustainably.” 1 1Q25 Operational and Financial Update: The following table presents select 1Q25 operational and financial data compared to guidance released on February 25, 2025: Metric 1Q25 Actual 1Q25 Guidance Oil Volumes (MBopd) 153.7 149.5 – 152.5 NGL Volumes (MBblpd) 48.1 46.8 – 48.3 Natural Gas Volumes (MMcfpd) 414.5 402.0 – 415.0 Total Volumes (MBoepd) 270.9 263.3 – 269.9 E&P & Other CapEx ($MM) $355.4 $350 – $380 Oil Discount to WTI ($/Bbl) $(2.30) $(3.00) – $(1.00) NGL Realization (% of WTI) 20% 13% – 23% Natural Gas Realization (% of Henry Hub) 63% 45% – 55% LOE ($/Boe) $9.56 $9.40 – $10.40 Cash GPT ($/Boe) (1) $3.03 $2.65 – $3.15 Cash G&A ($MM) (1) $28.3 $29.0 – $31.0 Production Taxes (% of Oil, NGL and Natural Gas Sales) (2) 6.8% 8.3% – 8.7% Cash Interest ($MM) (1) $15.6 $15.0 – $17.0 Cash Tax (% of Adjusted EBITDA) (3) 4.9% 1% – 7% ___________________ (1) Non-GAAP financial measure. See “Non-GAAP Financial Measures” below for a reconciliation to the most directly comparable financial measures under GAAP. (2) 1Q25 includes reimbursements of $12.2MM. (3) Cash taxes paid during the three months ended March 31, 2025 were $33.9MM, or 4.9% of Adjusted EBITDA. Guidance range based on NYMEX WTI between $60/Bbl – $80/Bbl. Chord had 30 gross (25.7 net) operated TILs in 1Q25. During the three months ended March 31, 2025, net cash provided by operating activities was $656.9MM and net income was $219.8MM ($3.66/diluted share). Adjusted EBITDA was $695.5MM, Adjusted Free Cash Flow was $290.5MM and Adjusted Net Income was $240.9MM ($4.04/diluted share). Adjusted EBITDA, Adjusted Free Cash Flow and Adjusted Net Income are non-GAAP financial measures. See “Non-GAAP Financial Measures” below for a reconciliation to the most directly comparable financial measures under GAAP. Return of Capital: Chord declared a base dividen