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
Oil volumes at midpoint of
“159 MBopd”
Period
FY2026
Measure
Company-defined measure
Source
Prose
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
In 2026, Chord expects to generate approximately $2.3B of Adjusted EBITDA and $700MM of Adjusted Free Cash Flow ($64/Bbl WTI and $3.75/MMBtu Henry Hub). Highlights of Chord’s FY26 guidance include: • Volumes: Oil volumes are expected to be 159 MBopd at the midpoint of guidance. Chord expects 1Q26 volumes to be 154 MBopd at midpoint, reflecting ~1 MBopd of weather-related impacts. Oil volumes in 2Q26 are expected to increase sequentially, with further growth into 3Q26. Chord will continue to monitor non-operated activity and evaluate higher operated activity if non-op activity decreases; • Capital: CapEx is expected to total $1.4B at the midpoint of guidance, with ~90% related to operated and non-operated drilling and completion activity. Chord expects ~80% of FY26 CapEx to be incurred 1Q26 - 3Q26. • Midstream: Chord plans ~$30MM of midstream projects (vs. $18MM in FY25) that are included in the $1.4B midpoint CapEx guidance. 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
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.