Forensic Analysis · Energy / Oil & Gas · as of Jun 27, 2026
Chord Energy Corp (CHRD)
A forensic read on Chord Energy Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
A · High-quality compounder
Forensic grade
Grey Zone
Financial health
2.4
Altman Z-score
Clean
Earnings quality
5
Forensic signals
-0.8%
ROE
$6.6B
Market cap
4.18%
Dividend yield
Chord Energy Corp earns a A (High-quality compounder) forensic quality grade, and its Altman Z-score is 2.4, placing it in the Grey zone. 5 forensic signals were flagged in its latest SEC filings, led by inventory days.
What the filings flag
43dInventory days.Days inventory outstanding moved from 24 to 43 FY2024→FY2025 (against cost of goods sold; inventory +23% vs -31% in cost of sales). Inventory is outrunning what's being sold — a flag for softening demand or obsolescence risk ahead.
1%Return on invested capital.Return on invested capital is 1% and slipping from 27% — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
+26.5%/yrShare-count dilution.Diluted share count changed +79% over the last 3 years to FY2025 (+26.5%/yr). A reversal: the count shrank earlier (net -9.5%/yr since FY2017) but the company has SWUNG to issuing stock — recent holders are now being diluted, not rewarded. That's ~26.5% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~79%.
$539MGoodwill impairments.Took $539M of goodwill writedowns across 1 year(s) (FY2025 ($539M)) — about 1213% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.
-40%Dividend — cut.The payout was CUT ~40% in FY2025 (from FY2024). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies — weigh the cut when judging reliability.
Key fundamentals
Net Margin0.9%
Debt / Equity0.18x
Latest Revenue$4.88B
Return on Equity0.6%
Revenue Growth YoY-7.1%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Chord Energy Corp:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about CHRD's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown