Daniel E. Brown, president, chief executive and director of Chord Energy Corp (NASDAQ: CHRD), sold 13,704 shares of common stock for approximately $2.07 million under a prearranged Rule 10b5-1 trading plan adopted on March 16, 2026.
The transactions were executed over two days, August 20 and 21, 2026, with weighted average sale prices ranging from $150.12 to $152.34 per share. On August 20, Brown sold 6,120 shares at an average price of $150.65, 4,102 shares at $151.66, and 2,826 shares at $152.34. On August 21, an additional 656 shares were sold at an average price of $150.12.
Following the disposals, Brown retains beneficial ownership of 178,659 shares of Chord Energy common stock. The company’s shares have gained roughly 42% over the past six months and are trading near their 52-week high of $153.
Chord Energy reported adjusted earnings of $6.44 per share in the second quarter of 2026, below the $6.75 estimate, with revenue of $1.49 billion versus a $1.61 billion forecast. Despite the shortfall, the company highlighted strong free cash flow, a solid balance sheet and an increased focus on shareholder returns. The stock carries a price-to-earnings ratio of 9.75 and a market capitalization of $8.09 billion, according to InvestingPro, which estimates a fair value of $201.
