HighGravityDataChord Energy — Feb 25, 2026 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001486159-26-000004
Showing in the filing
NGL Realization (% of WTI)
“5% – 15%”
Period
Q1 FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 43
Base dividend
“$1.30 per share”
NGL Realization (% of WTI) for Q1 FY2026
“5% – 15%”
Cash Tax (% of Adjusted EBITDA) for Q1 FY2026
“0% – 3%”
Oil Volumes Outlook for FY2026
“157 – 161 MBopd”
Adjusted EBITDA for FY2026
“approximately $2.3B”
Adjusted Free Cash Flow for FY2026
“$700MM”
Oil volumes at midpoint of for FY2026
“159 MBopd”
1Q26 volumes at midpoint for Q1 FY2026
“154 MBopd”
Volumes for Q2 FY2026
“154 MBopd”
Portion of CapEx related to operated and non… for FY2026
“~90%”
Portion of FY26 CapEx incurred for Q2 FY2026
“~80%”
Midstream projects for FY2026
“~$30MM”
Midstream projects capital for FY2026
“~$30MM”
CapEx at midpoint of for FY2026
“$1.4B”
Gross operated TILs for FY2026
“135 – 165”
TIL gross operated wells for FY2026
“135 – 165”
3-mile laterals of TILs for FY2026
“~40%”
Average working interest of TILs for FY2026
“~75%”
Oil Volumes (MBopd) for Q1 FY2026
“152.5 – 155.5”
Oil Volumes (MBopd) for FY2026
“157.0 – 161.0”
NGL Volumes (MBblpd) for Q1 FY2026
“48.0 – 49.0”
NGL Volumes (MBblpd) for FY2026
“49.5 – 50.5”
Natural Gas Volumes (MMcfpd) for Q1 FY2026
“401.0 – 409.0”
Natural Gas Volumes (MMcfpd) for FY2026
“403.0 – 413.0”
Total Volumes (MBoepd) for Q1 FY2026
“267.3 – 272.7”
Total Volumes (MBoepd) for FY2026
“273.7 – 280.3”
CapEx ($MM) for Q1 FY2026
“$325 – $355”
CapEx ($MM) for FY2026
“$1,350 – $1,450”
Oil Discount to WTI ($/Bbl) for Q1 FY2026
“$(1.60) – $(2.60)”
Oil Discount to WTI ($/Bbl) for FY2026
“$(1.50) – $(2.50)”
Natural Gas Realization (% of Henry Hub) for Q1 FY2026
“50% – 60%”
Natural Gas Realization (% of Henry Hub) for FY2026
“35% – 45%”
LOE ($/Boe) for Q1 FY2026
“$9.40 – $10.40”
LOE ($/Boe) for FY2026
“$9.30 – $10.30”
Cash GPT ($/Boe) for Q1 FY2026
“$2.75 – $3.25”
Cash GPT ($/Boe) for FY2026
“$2.65 – $3.15”
Cash G&A ($MM) for Q1 FY2026
“$23 – $28”
Cash G&A ($MM) for FY2026
“$90 – $100”
Production Taxes (% of Oil, NGL and Natural … for Q1 FY2026
“7.5% – 7.9%”
Production Taxes (% of Oil, NGL and Natural … for FY2026
“7.7% – 8.1%”
Cash Interest ($MM) for Q1 FY2026
“$25 – $27”
Cash Interest ($MM) for FY2026
“$100 – $110”
Cash Tax (% of Adjusted EBITDA) for FY2026
“1% – 5%”
Exhibit 99.1 · the passage around this item
… earlier in the release
We look forward to continuing to execute and deliver value for our shareholders.” 4Q25 Operational and Financial Update: The following table presents select 4Q25 operational and financial data compared to guidance released on November 4, 2025: Metric 4Q25 Actual 4Q25 Guidance Oil Volumes (MBopd) 153.0 149.0 – 153.0 NGL Volumes (MBblpd) 52.4 49.5 – 53.5 Natural Gas Volumes (MMcfpd) 404.2 421.0 – 433.0 Total Volumes (MBoepd) 272.8 268.7 – 278.7 CapEx ($MM) (1) $313.2 $315 – $345 Oil Discount to WTI ($/Bbl) $(2.24) $(2.80) – $(0.80) NGL Realization (% of WTI) 8% 5% – 15% Natural Gas Realization (% of Henry Hub) 39% 30% – 40% LOE ($/Boe) $9.72 $9.20 – $10.20 Cash GPT ($/Boe) (2) $2.82 $2.70 – $3.00 Cash G&A ($MM) (2) $26.8 $20.0 – $25.0 Production Taxes (% of Oil, NGL and Natural Gas Sales) 7.8% 8.3% – 8.8% Cash Interest ($MM) (2) $26.3 $25.0 – $27.0 Cash Tax (% of Adjusted EBITDA) —% 0% – 3% ___________________ (1) 4Q25 includes $8.0MM of reimbursable non-op CapEx. (2) Non-GAAP financial measure. See “Non-GAAP Financial Measures” below for a reconciliation to the most directly comparable financial measures under GAAP. Chord had 30 gross (27 net) operated TILs in 4Q25 and 122 gross (99 net) operated TILs in FY25. 2 Estimated Net Proved Reserves: During 2025, the Company added 103.8 million barrels of oil equivalent (“MMBoe”) of estimated net proved reserves as a result of successful drilling in the Williston Basin and 38.0 MMBoe from the purchase of reserves in place associated with the acquisition of Williston Basin assets from XTO in 4Q25. Chord’s estimated net proved reserves at December 31, 2025 were 917.5 MMBoe and consisted of 514.7 million barrels (“MMBbl”) of crude oil, 174.1 MMBbl of NGL and 1,372.1 billion cubic feet (“Bcf”) of natural ga
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.