Chord Energy names Michael Lou CEO as Daniel Brown resigns; 3Q26 volumes beat guidance
Chord Energy Corp
Daniel Brown resigned as President & CEO and from the board effective Oct 19, 2026; no severance; company said resignation was not due to disagreement.
Michael Lou, 52, named President & CEO and director effective Oct 19; he was EVP, Chief Strategy Officer & Chief Commercial Officer since March 2024 and CFO from July 2022 to March 2024.
3Q26 volumes exceeded the high end of guidance across oil, natural gas and NGLs, while CapEx was in line with guidance.
Repurchased $205MM of shares in 3Q26 at avg $135.74 and $44.3MM QTD in 4Q26 at avg $142.32; announced $550MM sale of non-operated Marcellus assets.
Cash was $804.7MM and total debt $1,482.2MM at 9/30/26; 3Q26 realized hedge losses were $48.7MM.
On October 16, 2026, Daniel Brown notified the Company of his decision to resign as President & Chief Executive Officer, as a member of the Board of Directors of the Company (the “Board”), and from all other positions he holds with the Company and its subsidiaries, effective October 19, 2026, to pursue another professional opportunity.
On October 18, 2026, the Board appointed and elected Michael Lou as President & Chief Executive Officer of the Company and as principal executive officer under Section 16a-1(f) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), effective as of October 19, 2026.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.96
Daniel Brown resigned as President & Chief Executive Officer at Chord Energy Corp.
Action
resigned
Role
President & Chief Executive Officer
Exact text from the filing
On October 16, 2026, Daniel Brown notified the Company of his decision to resign as President & Chief Executive Officer, as a member of the Board of Directors of the Company (the “Board”), and from all other positions he holds with the Company and its subsidiaries, effective October 19, 2026, to pursue another professional opportunity.
Michael Lou was appointed as President & Chief Executive Officer at Chord Energy Corp.
Action
appointed
Role
President & Chief Executive Officer
Exact text from the filing
On October 18, 2026, the Board appointed and elected Michael Lou as President & Chief Executive Officer of the Company and as principal executive officer under Section 16a-1(f) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), effective as of October 19, 2026.
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