Chord Energy Price Target Rises to $158 as 20% Oil Supply Risk Looms
Piper Sandler raised Chord Energy’s price target to $158 from $151 and flagged 20% of global oil supply at risk from the Iran conflict. Chord returned $6.7 billion to shareholders in Q4 2025 and generated $175 million in adjusted free cash flow with production at guidance’s high end.
1. Price Target Hike
Piper Sandler increased its Chord Energy target to $158 from $151, citing heightened war risk with Iran that threatens roughly 20% of global oil, product and gas supply. The firm maintained an Overweight rating, noting that U.S. operators should see limited operational impact.
2. Q4 2025 Financial Performance
During the fourth quarter of 2025, Chord Energy returned about $6.7 billion to shareholders and produced $175 million in adjusted free cash flow, exceeding expectations. Oil production landed at the high end of guidance while capital spending finished below the low end of the expected range, driven by disciplined cost management.
3. 2026 Outlook and Guidance
Chord Energy’s 2026 plan remains unchanged, targeting flat production between 157,000 and 161,000 barrels per day with roughly $1.4 billion in capital expenditures. At $64 per barrel oil and $3.75 per MMBtu gas, the company expects to generate approximately $700 million in free cash flow next year.