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Chord Energy Corporation
CHRD · NASDAQEnergy
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Company details
Market cap
~$6B
P/E ratio
~7×
Div yield
~4%
EPS (2024)
$16.02
Profit margin
16%
Rev. growth
+35%
Revenue
$5.25B
Free cash flow
$1.0B
In plain English
Chord Energy is the biggest pure-play oil producer in the Williston Basin (the Bakken shale of North Dakota and Montana). It leases the rock, hires the drillers and frac crews, and pumps ~150,000 barrels of oil a day — then sells almost all of it to a handful of refiners. Formed in 2022 by merging Whiting and Oasis, it doubled down in 2024 by buying Enerplus for ~$11B. Oil is ~93% of its product revenue, so its fortunes track the crude price, and it hands most of its free cash flow back to shareholders.
In simple terms
What Chord Energy Corporation really sells
Chord Energy is the biggest pure-play oil producer in the Williston Basin (the Bakken shale of North Dakota and Montana). It leases the rock, hires the drillers and frac crews, and pumps ~150,000 barrels of oil a day — then sells almost all of it to a handful of refiners. Formed in 2022 by merging Whiting and Oasis, it doubled down in 2024 by buying Enerplus for ~$11B. Oil is ~93% of its product revenue, so its fortunes track the crude price, and it hands most of its free cash flow back to shareholders.
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Risk read
SteadierMore speculative
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