Chord Energy — Aug 5, 2026 release

Key Takeaways and Updates: • Operational Strength: Cash Flow from Operations and Adjusted Free Cash Flow exceeded expectations in 2Q26, supported by oil volumes at the high-end of guidance, and capital expenditures (“CapEx”) modestly below midpoint guidance; • Shareholder Returns: Returned 54% of Adjusted Free Cash Flow (1) to shareholders through the base dividend of $1.30 per share and $147.4MM of share repurchases; • Executing 4-Mile Laterals: Successfully executed and turned in line (“TIL”) four additional 4-mile pads; and • Enhancing Base Production: Continuing to benefit from strength in base production performance which is driving volumes above the initial 2026 plan. Broadening scope of chemical workover program to test multiple new opportunities. 2Q26 Operational and Financial Highlights: • Strong Volumes: Oil volumes of 165.4 MBopd were at the high-end of guidance; • Capital Discipline: CapEx of $416MM (excluding $0.7MM of reimbursable non-op CapEx) was modestly below midpoint guidance; • Realizations: Oil, natural gas and NGL realizations were favorable vs. midpoint guidance; • Profitability: Net income was $525.2MM and Adjusted Net Income (1) was $361.7MM ($6.44/diluted share); and • Cash Generation: Net cash provided by operating activities was $1,116.2MM, Adjusted EBITDA (1) was $923.5MM and Adjusted Free Cash Flow (1) was $414.1MM (excluding $0.7MM 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 genera