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Chesapeake Energy(CHK) - 2024 Q2 - Quarterly Results
2024-07-29 20:06
Exhibit 99.1 • Net cash provided by operating activities of $209 million • Quarterly base dividend of $0.575 per common share to be paid in September 2024, 14th straight quarter paying a dividend (1) Definitions of non-GAAP financial measures and reconciliations of each non-GAAP financial measure to the most directly comparable GAAP financial measure are included at the end of this news release. Shareholder Returns Update Operations Update Chesapeake continues to deliver improved capital efficiency primaril ...
CHESAPEAKE ENERGY CORPORATION REPORTS SECOND QUARTER 2024 RESULTS
Prnewswire· 2024-07-29 20:01
OKLAHOMA CITY, July 29, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today reported second quarter 2024 financial and operating results. Net cash provided by operating activities of $209 million Net loss of $227 million, or $1.73 per fully diluted share; adjusted net income(1) of $1 million, or $0.01 per share Adjusted EBITDAX(1) of $358 million Quarterly base dividend of $0.575 per common share to be paid in September 2024, 14th straight quarter paying a dividend Produced approximately 2 ...
Earnings Preview: Chesapeake Energy (CHK) Q2 Earnings Expected to Decline
ZACKS· 2024-07-22 15:06
Core Insights - The upcoming earnings report for Chesapeake Energy is expected to show a year-over-year decline in earnings due to lower revenues, with a consensus EPS estimate indicating a break-even performance, reflecting a -100% change from the previous year [2][16] - The consensus EPS estimate for CNX Resources has been revised 10.7% higher over the last 30 days, indicating positive sentiment among analysts [14] Chesapeake Energy - Chesapeake Energy is projected to report revenues of $556.35 million, which is a 14.3% decrease from the same quarter last year [18] - The Most Accurate Estimate for Chesapeake Energy is significantly lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1,766.68%, suggesting a bearish outlook from analysts [6] - Over the last four quarters, Chesapeake Energy has beaten consensus EPS estimates three times, indicating some potential for positive surprises despite current negative indicators [24] CNX Resources - CNX Resources is expected to report earnings per share of $0.27 for the quarter ended June 2024, reflecting a year-over-year change of -6.9% [27] - The revenues for CNX Resources are anticipated to be $387.28 million, which represents a 14.9% increase from the previous year [27] - The combination of a positive Earnings ESP of 6.21% and a Zacks Rank of 3 (Hold) suggests that CNX Resources is likely to beat the consensus EPS estimate [14][28]
CHESAPEAKE ENERGY CORPORATION PROVIDES 2024 SECOND QUARTER EARNINGS CONFERENCE CALL INFORMATION
Prnewswire· 2024-07-16 20:01
6100 North Western Avenue [email protected] Headquartered in Oklahoma City, Chesapeake Energy Corporation is powered by dedicated and innovative employees who are focused on discovering and responsibly developing leading positions in top U.S. natural gas plays. With a goal to achieve net zero GHG emissions (Scope 1 and 2) by 2035, Chesapeake is committed to safely answering the call for affordable, reliable, lower carbon energy. INVESTOR CONTACT:MEDIA CONTACT:CHESAPEAKE ENERGY CORPORATION Chris Ayres (405) ...
Don't Sweat This Energy Stock's Dip
Forbes· 2024-06-25 17:14
Chesapeake Energy (CHK) stock is 1.4% lower to trade at $83.58 at last check, adding to its 8.1% June deficit. In fact, the security is on track for its ninth daily loss in 10 sessions, while the $83 level contained this pullback on a closing basis. Traders shouldn't fret just yet, as the energy stock looks poised to extend these gains and notch a new record, after coming within striking distance of a trendline with historically bullish implications. Specifically, Chesapeake Energy stock just pulled back to ...
Chesapeake Energy Corporation (CHK) Presents at JP Morgan Energy, Power and Renewables Conference Call Transcript
2024-06-18 15:39
Chesapeake Energy Corporation (NASDAQ:CHK) JP Morgan Energy, Power and Renewables Conference Call June 18, 2024 9:10 AM ET Company Participants Domenic Dell’Osso - President and Chief Executive Officer Conference Call Participants Michael Johnson - JP Morgan Question-and-Answer Session Q - Michael Johnson Okay. Good afternoon. I'm Michael Johnson with JP Morgan. Pleased today to have a fireside chat with Nick Dell’Osso, CEO, longtime employee of Chesapeake Energy. Nick, thanks for coming today. I understand ...
CHESAPEAKE ENERGY CORPORATION RELEASES 2023 SUSTAINABILITY REPORT
Prnewswire· 2024-06-11 12:30
OKLAHOMA CITY, June 11, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today published its 2023 Sustainability Report, marking the company's 12th year reporting on its environmental, social and governance (ESG) performance and the company's resilience in a lower carbon future. This reporting reflects the company's commitment to transparency, enhanced disclosures and measurable progress. Specific 2023 sustainability highlights include: These targets are in support of the company achieving ne ...
Chesapeake (CHK) Layoffs Point at Struggles Amid Lower Prices
zacks.com· 2024-05-23 13:56
Chesapeake Energy Corporation (CHK) has announced job cuts after the sale of its oil assets in the Eagle Ford shale play, as part of a planned divestiture. The company was on the verge of bankruptcy in 2020, following the exponential fall in oil and gas prices. Since then, the company has recovered by focusing on its gas assets in the Marcellus shale in Appalachia and Haynesville shale play in Louisiana, while also reducing its presence in the oil-rich Eagle Ford shale. Chesapeake sold part of its assets in ...
Chesapeake Energy Stock is The Energy Play, Earnings Confirm
MarketBeat· 2024-05-01 12:52
Key PointsChesapeake stock is down after reporting first-quarter 2024 earnings, though fundamental trends keep the stock a potential target. Stockpiling natural gas inventory and wells, the company is betting that natural gas prices will catch up to crude oil. Analysts see 230% EPS growth ahead and a double-digit upside, reiterating the 'catch up' play as a reality.5 stocks we like better than Southwestern EnergyProfessional traders often say that the first move is always wrong; how much traction that sayin ...
Chesapeake Energy(CHK) - 2024 Q1 - Earnings Call Presentation
2024-05-01 12:19
CHESAPEAKE ENERGI 1Q 2024 Business Unit Results | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------|-------|----------|-----------|---------|-------|-------------|--------| | | | | MARCELLUS | | | HAYNESVILLE | | | Production (mmcf/d) | | | 1,720 | | | 1,478 | | | Production Expense ($/mcf) | | | $0.14 | | | $0.28 | | | Differential to NYMEX ($/mcf) | | | ($0.21) | | | ($0.21) | | | GP&T ($/mcf) | | | $0.70 | | | $0.47 | | | Rigs | | | 4 | | | 5 | | | Spuds (by zone) | | Lower ...