Earnings Highlights CHRD, CRK, DVN, EOG, GPOR, OXY, & TALO
Chord Energy (CHRD)
CHRD raised FY2026 oil guidance from ~159 MBopd (Q4 2025 deck) to 161 MBopd (Q1 2026 deck), a +1.3% revision, while keeping the rig count (~1.5) and frac crews (~4.5) unchanged — driven entirely by efficiency gains, including a +24% frac fluid-pumped-per-day improvement in 1Q26 vs 2025 average and accelerated 4-mile lateral execution. Implied FY2026 natural gas guidance was modestly trimmed from ~0.42 Bcf/d to ~0.40 Bcf/d (gas mix cut from 25% → 24% of total), reflecting the slight oilier shift in the program.
Read the full analysis on the dashboard.
Comstock Resources (CRK)
For FY2026, management reaffirmed— production guidance of 1.250–1.400 Bcfe/d (mid 1.325), implying ~+7.4% YoY growth weighted to H2 2026, supported by 9 operated rigs (up from 8), a 3rd Legacy Haynesville frac fleet, and a doubling of Western Haynesville TIL wells from 12 → 24.
Read the full analysis on the dashboard.
Devon Energy (DVN)
Devon delivered Q1 2026 natural-gas production of ~1.37 Bcf/d and the prior-quarter (Q4 2025) outlook called for FY 2026 gas of 1.360–1.410 Bcf/d (mid 1.385 Bcf/d), implying essentially flat YoY growth of +0.2%. On the Q1 2026 call, DVN withdrew standalone full-year guidance pending the Coterra Energy merger close (~May 7, 2026) and will issue combined guidance in mid-June 2026.
Read the full analysis on the dashboard.
EOG Resources (EOG)
EOG's Q1 2026 EPS update lowered FY 2026 US natural gas guidance to 2.81 Bcf/d (from 2.86 Bcf/d at Q4 2025 EPS) as the company reallocated capital toward higher-margin oil and NGL production while holding the $6.5 Bn capex unchanged.
Read the full analysis on the dashboard.
Gulfport Energy (GPOR)
Gulfport reported FY 2025 actual gas production of 0.927 Bcf/d (1.039 Bcfe/d) and issued FY 2026 guidance of 1.030-1.055 Bcfe/d (~89% gas, midpoint 0.928 Bcf/d gas) - essentially flat YoY but with 4Q26 production set to grow ~5% over 4Q25. On the May 5, 2026, Q1 2026 earnings release, Gulfport REAFFIRMED 2026 guidance unchanged from the February release despite a strong Q1 2026 actual of 996.8 MMcfe/d (+7% YoY) and disclosed material drilling efficiency gains (50% Marcellus footage/day improvement, SCOOP cycle times 25% better than internal expectations).
Read the full analysis on the dashboard.
Occidental Petroleum (OXY)
Implied FY26 U.S. natural gas guidance — derived by applying 2025 region-level gas-to-Mboed ratios to OXY's published FY26 Mboed midpoints — sits at ~1.76 Bcf/d, essentially flat YoY (+0.0% vs 2025), with the Q1 2026 deck nudging the Rockies up (+0.012 Bcf/d) and the Permian down marginally (−0.010 Bcf/d) versus the Q4 2025 deck.
Read the full analysis on the dashboard.
Talos Energy (TALO)
Talos reaffirmed its full-year 2026 production guidance of 62–66 MBO/D oil and 85–90 MBOE/D total in the Q1 2026 deck — unchanged from the Q4 2025 deck — implying ~0.141 Bcf/d of natural gas + NGLs vs ~0.174 Bcf/d delivered in 2025 (~−19% YoY) using a 6:1 conversion of the MBOE/d − MBO/d residual.
Read the full analysis on the dashboard.
As usual, contact support@synmax.com with questions.
