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 “Non-GAAP Financial Measures” below for a reconciliation to the most directly comparable financial measures under United States generally accepted accounting principles (“GAAP”). “Chord delivered strong first quarter execution, demonstrated efficient operations, and generated free cash flow above expectations,” said Danny Brown, Chord Energ