Chord Energy — Nov 4, 2025 release

Key Takeaways and Updates: • Strong Execution: Efficient execution and strong asset performance in 3Q25 delivered oil volumes above midpoint of guidance, with E&P and other CapEx below midpoint of guidance; • Updated FY25 Outlook: Raised oil volume guidance and maintained CapEx guidance excluding XTO impacts; • 4-Mile Lateral Update: TIL’d three additional 4-mile laterals since August. Wells executed faster and below initial cost estimates, with encouraging early time production; • Shareholder Returns: Returned 69% of Adjusted FCF (1) to shareholders through the base dividend of $1.30 per share and $83.0MM of share repurchases; • Marketing Optimization: Executed numerous agreements YTD expected to deliver $30MM-$50MM annualized FCF savings. See “Marketing Optimization Update” below for additional information; and • XTO Acquisition: Completed acquisition of Williston Basin assets from XTO Energy Inc. and affiliates (collectively “XTO”), subsidiaries of Exxon Mobil Corporation, on October 31, 2025 (the “XTO Acquisition”). Total cash consideration paid was $542.2MM, including a $55MM deposit paid in 3Q25. See “2025 Outlook Update” below for additional information. 3Q25 Operational and Financial Highlights: • Production: 155.7 MBopd (280.9 MBoepd), above midpoint of guidance; • CapEx: $321.9MM (excluding $11.7MM of reimbursed non-op CapEx), below midpoint of guidance reflecting program timing; • LOE: $9.62/Boe, towards high-end of guidance reflecting curtailment of Marcellus volumes and activity timing; • GAAP Results: Net cash from operations $559.0MM; net income $130.1MM ($2.26/diluted share); and • Non-GAAP Results (1) : Adjusted EBITDA $577.8MM; Adjusted FCF $218.6MM ($230.3MM, excluding $11.7MM of reimbursed non-op CapEx); Adjusted Net Income $134.5MM ($2.35/diluted sha