Business Description

Overview Chord Energy Corporation, a Delaware Corporation (together with our consolidated subsidiaries, the “Company,” “Chord,” “we,” “us,” or “our”), is an independent exploration and production (“E&P”) company engaged in the acquisition, exploration, development and production of crude oil, NGL and natural gas primarily in the Williston Basin with limited non-operated interests in the Marcellus Shale. Our mission is to responsibly produce hydrocarbons while exercising capital discipline, operating efficiently, improving continuously and providing a fun and rewarding environment for our employees. We are ideally positioned to generate strong free cash flow and enhance return of capital, while being responsible stewards of the communities and environment where we operate. On May 31, 2024, we acquired Enerplus Corporation, a corporation existing under the laws of the Province of Alberta, Canada (“Enerplus”) in a stock-and-cash transaction (such transaction, the “Arrangement”). The results of operations and reserves data presented herein report the results of legacy Chord from January 1, 2023 through May 30, 2024 and the results of Chord (including legacy Enerplus) from May 31, 2024 through December 31, 2025, unless otherwise noted. As of December 31, 2025, we had 1,302,921 net leasehold acres in the Williston Basin, approximately all of which is held by production. We are currently exploiting significant resource potential from the Middle Bakken and Three Forks formations, which are present across a substantial portion of our acreage. We believe the locations, size and concentration of our acreage in the Williston Basin creates an opportunity for us to achieve cost, recovery and production efficiencies through the development of our project inventory. Our management team has a proven record of accomplishment in identifying, acquiring and executing large, repeatable development drilling programs and has substantial experience in the Williston Basin. As of December 31, 2025, we had 5,025 gross (3,937.3 net) operated producing wells. Our working interest for producing wells averaged 78% in the wells we operate. During the year ended December 31, 2025, we had average daily production of 276,620 net Boepd. As of December 31, 2025, Netherland, Sewell & Associates, Inc. (“NSAI”), our independent reserve engineers, estimated our net proved reserves to be 917.5 MMBoe, of which 69% were classified as proved developed and 56% were crude oil. Business Strategy Our operational and financial strategy is focused on rigorous capital discipline and generating significant, sustainable free cash flow by executing on the following strategic priorities: • Maximize returns. We intend to efficiently execute our development program and optimize capital allocation, while evaluating our performance and focusing on continuous improvement. We have established a strong capital allocation framework with the objective of balancing stockholder returns and reinvestment of capital. We are focused on conservative capital allocation, delivering low reinvestment rates and returning significant capital to stockholders at mid-cycle oil prices. Since introducing our return of capital program in 2021, we have declared an aggregate amount of cash dividends to our stockholders of $61.19 per share of common stock and repurchased an aggregate amount of $1.3 billion shares of common stock. Our scale and high-quality assets in the Williston Basin allow us to generate significant, sustainable cash flow to support maximizing returns at mid-cycle oil prices. We expect that our business strategy will continue to provide sizable cash flow generation which will enable us to return capital to our stockholders and continue to pursue acquisitions that add to or lengthen our inventory, while maintaining a strong balance sheet. We have a return of capital program designed to provide peer-leading, sustainable stockholder returns. The return of capital plan includes a base cash dividend of $1.30 per share per quarter ($5.20 per share annualized) and a $1 billion share repurchase program, which the Board of Directors authorized during the third quarter of 2025. As of December 31, 2025, we had $952.2 million remaining under this share repurchase program.…