Chord Energy — May 5, 2026 release

Key Takeaways and Updates: • Operational Strength: Cash Flow from Operations and Adjusted Free Cash Flow exceeded expectations in 1Q26, supported by oil volumes above the high-end of guidance and capital in line with expectations; • Improving Efficiency: Strong drilling and completions (“D&C”) and production operations led Chord to increase FY26 oil volumes by 2 MBopd to 161 MBopd while keeping capital unchanged; • 4-Mile Lateral Update: Successfully executed and turned in line (“TIL”) the Toonie 5-well pad, representing Chord’s first full 4-mile DSU development. Execution and performance are in line with expectations; • Shareholder Returns: Returned $145MM to shareholders through a base dividend of $1.30 per share and $71MM of share repurchases. 1Q26 Operational and Financial Highlights: • Strong Volumes: Oil volumes of 158.0 MBopd exceeded the high-end of guidance and were 2.6% above the midpoint of guidance; • Capital Discipline: CapEx of $342MM (excluding $3.0MM of reimbursable non-op CapEx) was in-line with the midpoint of guidance; • Cost Control: LOE of $9.87/Boe was in-line with the midpoint of guidance; • Realizations: Gas realizations were favorable, reflecting seasonally strong regional benchmark prices; • Profitability: Net income was $108.6MM and Adjusted Net Income (1) was $258.9MM ($4.56/diluted share); and • Cash Generation: Net cash provided by operating activities was $507.5MM, Adjusted EBITDA (1) was $713.0MM and Adjusted Free Cash Flow (1) was $324.0MM (excluding $3.0MM of reimbursable non-op CapEx). (1) Non-GAAP financial measure. See “