Chord Energy — Aug 6, 2025 release

Reduced share count -10% on a fully-diluted basis since the Enerplus closing; • Operational Execution: Drilled four 4-mile laterals to date with costs below budget; accelerating 4-mile activity and now on track to turn-in-line (“TIL”) seven 4-mile laterals in FY25; • Updated Outlook: Raised FY25 oil production guidance +500 Bopd and reduced capital -$20MM at the midpoint of guidance; on schedule to return a second completions crew in 4Q25; and • Enhancing Adjusted FCF: Updated FY25 guidance implies a ~20% improvement in Adjusted FCF and ~25% improvement in Adjusted FCF per share vs. the February outlook (normalized for commodity pricing). 2Q25 Operational and Financial Highlights: • Production: Volumes of 156.7 MBopd (281.9 MBoepd) exceeded the high -end of guid ance; • CapEx: E&P and other CapEx of $355.6MM was at the low-end of guidance; • Cash Flow: Net cash provided by operating activities was $419.8MM, with a net loss of $389.9MM ($6.77/diluted share); and • Adjusted EBITDA, Adjusted FCF and Adjusted Net Income: Adjusted EBITDA (1) was $547.2MM, Adjusted FCF (1) was $140.8MM and Adjusted Net Income (1) was $103.2MM ($1.79/diluted share). (1) Non-GAAP financial measure. See “Non-GAAP Financial Measures” below for a reconciliation to the most directly comparable financial measures under United States generally accepted accounting principles (“GAAP”). “Chord Energy delivered another outstanding quarter driven by continued operational exce