A month has gone by since the last earnings report for Chord Energy Corporation (CHRD Quick QuoteCHRD - Free Report) . Shares have added about 12.8% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Chord Energy Corporation due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Chord Energy Corporation before we dive into how investors and analysts have reacted as of late.

Chord Energy Q3 Earnings Beat Expectations, Revenues Decline Y/Y

Chord Energy reported third-quarter adjusted earnings of $2.35 per share, which beat the Zacks Consensus Estimate of $2.24. The bottom line, however, declined from the year-ago quarter’s level of $3.40.

Total quarterly revenues of $1,312.1 million beat the Zacks Consensus Estimate of $993.8 million. However, the top line decreased from the prior-year level of $1,450.5 million.

Better-than-expected quarterly results can be primarily attributed to lower operating expenses.

Overall Production

CHRD’s total production in the third quarter was 280.9 thousand barrels of oil equivalent per day (MBoE/D), almost in line with the 280.8 MBoE/D recorded a year ago.

Oil production (accounting for 55.4% of the total production) in the quarter amounted to 155.7 thousand barrels per day (MBbl/D), down from 158.8 MBbl/D registered in the year-ago period.

Natural gas production was 420.1 million cubic feet per day MMcf/D, down from 421.8 MMcf/D recorded a year ago.

Realized Prices (Excluding Derivative Realized)

Average sales prices for natural gas increased to 81 cents per Mcf from 44 cents recorded a year ago.

The company’s oil price realization in the quarter was $63.59 per barrel (Bbl), lower than $73.51 a year ago.

Operating Expenses

Total operating expenses decreased to $1,140.9 million from $1,174.6 million in the year-ago period.

Notably, lease operating costs were $248.6 million, up from $247.1 million recorded in the year-ago quarter. The purchased oil and gas expenses were $340.9 million, higher than the prior-year recorded figure of $329.6 million.

Capex & Financials

In the third quarter, Chord Energy spent $333.7 million on exploration & production and other operations. As of Sept. 30, 2025, CHRD had a total debt of $1.5 billion.

Outlook for 2025

Chord Energy’s production guidance for 2025 is in the band of 275.6 MBoE/D to 278.1 MBoE/D. For the December quarter, CHRD expects production in the band of 268.7 MBoE/D to 278.7 MBoE/D. Moreover, the company projects full-year oil production of 153.8-154.8 MBbl/D. For the fourth quarter, CHRD expects oil production in the range of 149 MBbl/D to 153 MBbl/D.

How Have Estimates Been Moving Since Then?

In the past month, investors have witnessed a downward trend in estimates review.

The consensus estimate has shifted -10.96% due to these changes.

VGM Scores

At this time, Chord Energy Corporation has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock has a grade of A on the value side, putting it in the top quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Chord Energy Corporation has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry Player

Chord Energy Corporation is part of the Zacks Oil and Gas - Exploration and Production - United States industry. Over the past month, Coterra Energy (CTRA Quick QuoteCTRA - Free Report) , a stock from the same industry, has gained 5.5%. The company reported its results for the quarter ended September 2025 more than a month ago.

Cabot reported revenues of $1.82 billion in the last reported quarter, representing a year-over-year change of +33.7%. EPS of $0.41 for the same period compares with $0.32 a year ago.

For the current quarter, Cabot is expected to post earnings of $0.59 per share, indicating a change of +20.4% from the year-ago quarter. The Zacks Consensus Estimate has changed -5.3% over the last 30 days.

Cabot has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.