Chord Energy — Feb 25, 2026 release

These projects are small-scale, primarily focused on water disposal, enabling Chord to achieve better economics compared to third-party providers; • Realizations: NGL and natural gas realizations are expected to be above the FY26 midpoint in 1Q26 and 4Q26 and below the FY26 midpoint in 2Q26 and 3Q26, reflecting pricing seasonality; • Cash Taxes: Expected to range between 1% and 5% of EBITDA at $55/Bbl-$70/Bbl WTI with 1H26 lower than 2H26; and • Activity: Chord plans to TIL 135 – 165 gross operated wells (~40% 3-mile laterals and ~40% 4-mile laterals) with an average working interest of ~75%. The following table presents select operational and financial guidance for the periods presented: Metric 1Q26 Guidance FY26 Guidance Oil Volumes (MBopd) 152.5 – 155.5 157.0 – 161.0 NGL Volumes (MBblpd) 48.0 – 49.0 49.5 – 50.5 Natural Gas Volumes (MMcfpd) 401.0 – 409.0 403.0 – 413.0 Total Volumes (MBoepd) 267.3 – 272.7 273.7 – 280.3 CapEx ($MM) $325 – $355 $1,350 – $1,450 Oil Discount to WTI ($/Bbl) $(1.60) – $(2.60) $(1.50) – $(2.50) NGL Realization (% of WTI) 5% – 15% 5% – 15% Natural Gas Realization (% of Henry Hub) 50% – 60% 35% – 45% LOE ($/Boe) $9.40 – $10.40 $9.30 – $10.30 Cash GPT ($/Boe) (1) $2.75 – $3.25 $2.65 – $3.15 Cash G&A ($MM) (1) $23 – $28 $90 – $100 Production Taxes (% of Oil, NGL and Natural Gas Sales) 7.5% – 7.9% 7.7% – 8.1% Cash Interest ($MM) (1) $25 – $27 $100 – $110 Cash Tax (% of Adjusted EBITDA) (2) 0% – 3% 1% – 5% ___________________ (1) Non-GAAP financial measure. See “Non-GAAP Financial Measures” below for more information . (2) 1Q26 and FY26 reflect $55/Bbl – $70/Bbl WTI. 4 Select Operational and Financial Data: The following table presents select operational and