Chord Energy — Aug 6, 2025 release

Key Takeaways and Updates: • Operational Excellence: Delivered net cash provided by operating activities and Adjusted Free Cash Flow (“Adjusted FCF”) (1) above expectations, driven by efficient execution and strong asset performance; • Shareholder Returns: Returned over 90% of Adjusted FCF (1) to shareholders through the base dividend of $1.30 per share and share repurchases; • Share Repurchases: Repurchased $55.0MM of common stock in 2Q25 at an average price of $90.80/share; repurchased $45.2MM subsequent to 2Q25 through August 1, 2025. Reduced share count -10% on a fully-diluted basis since the Enerplus closing; • Operational Execution: Drilled four 4-mile laterals to date with costs below budget; accelerating 4-mile activity and now on track to turn-in-line (“TIL”) seven 4-mile laterals in FY25; • Updated Outlook: Raised FY25 oil production guidance +500 Bopd and reduced capital -$20MM at the midpoint of guidance; on schedule to return a second completions crew in 4Q25; and • Enhancing Adjusted FCF: Updated FY25 guidance implies a ~20% improvement in Adjusted FCF and ~25% improvement in Adjusted FCF per share vs. the February outlook (normalized for commodity pricing). 2Q25 Operational and Financial Highlights: • Production: Volumes of 156.7 MBopd (281.9 MBoepd) exceeded the high -end of guid ance; • CapEx: E&P and other CapEx of $355.6MM was at the low-end of guidance; • Cash Flow: Net cash provided by operating activities was $419.8MM, with a net loss of $389.9MM ($6.77/diluted share); and • Adjusted EBITDA, Adjusted FCF and