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The sale monetizes a non-core asset at a ~6x Adjusted EBITDA multiple and reduces leverage, which should support valuation and financial flexibility. The shift toward a Williston-centric portfolio could unlock higher model-driven cash flow, though near-term metrics will hinge on guidance updates and commodity prices.
What happened, with direct paths to the underlying reporting
Chord Energy announced the sale of its non-operated Marcellus assets to POSCO International for $550 million, with a expected close in Q4 2026. The deal divests about 32,000 net acres and 121 MMcfpd of trailing production, shifting emphasis to the Williston Basin and strengthening the balance sheet ahead of guidance updates in 3Q26. The accretive transaction supports disciplined capital allocation and increases free cash flow generation.
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