Chord Energy's Q3 2025 revenue came in at $1.31 billion, beating the street's $1.10 billion estimate thanks to higher oil production and sharp cost control. Adjusted earnings landed at $2.35 per share, with healthy adjusted EBITDA of $577.8 million. The company just wrapped up its acquisition of XTO's Williston Basin assets, giving it more ground to drill and future growth opportunities. Marketing optimization contracts are also expected to add another $30-50 million to annual free cash flow. With capital spending held in check, Chord upped its oil output forecast for 2025 and now expects full-year adjusted EBITDA of $2.4 billion and free cash flow of $840 million.
Chord Energy's strong results and strategic asset pickup have put it in the spotlight, with most analysts rating the stock a 'buy' and setting a consensus price target well above current levels. The company's steady price-to-earnings ratio, combined with its renewed production momentum, has investors on watch for ongoing progress as energy stocks draw renewed interest this earnings season.
The bigger picture: Efficiency and expansion in a shifting energy world.
By bulking up in the Williston Basin and keeping spending disciplined, Chord is lining itself up for resilience as oil markets remain unpredictable. Its method - expanding production without losing control over costs - reflects a broader shift across US energy companies, suggesting that firms like Chord could define what adaptability looks like in the sector's next chapter.