The U.S. Energy Department's weekly inventory release showed a higher-than-expected decrease in natural gas supplies. The bullish inventory numbers, together with signs of production pullback, buoyed natural gas futures, which settled with a healthy gain week over week.Despite this spike, the market hasn't been kind to natural gas, with the commodity recently hitting fresh three-and-a-half-year lows due to growing worries about record output and concerns about an ongoing supply glut. At this time, we advise ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Nexa Resources S.A. (NEXA) is a zinc mining and smelting company. The Zacks Consensus Estimate for its current year earnings has been revised 60% downward over the last 60 days.Chesapeake Energy Corporation (CHK) is an exploration and production company. The Zacks Consensus Estimate for its current year earnings has been revised 46.6% downward over the last 60 days.EOG Resources, Inc. (EOG) is an oil and gas exploration and production ...

The U.S. Energy Department's weekly inventory release showed a lower-than-expected decrease in natural gas supplies. The bearish inventory numbers, together with predictions of weaker weather-related demand in late February, weighed on natural gas futures, which settled with a slight loss week over week, despite a significant bump, following Chesapeake Energy’s (CHK) planned production cut for 2024.In fact, the market hasn't been kind to natural gas, with the commodity recently hitting fresh three-and-a-hal ...

Company Participants Matt Portillo - TPH Paul Diamond - Citi Phillips Johnston - Capital One I'd now like to turn the conference over to Chris Ayres, Vice President, Investor Relations and Treasurer. Please go ahead. Ultimately, our plan is designed to maintain productive capacity which positions us to quickly return to over 3 Bcf per day with minimal incremental capital investment. We will be prudent in our approach, bringing production back online efficiently as consumer demand warrants. Overall, our 2024 ...

Chesapeake Energy (CHK) reported $763 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 81.5%. EPS of $1.31 for the same period compares to $4.22 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $962.95 million, representing a surprise of -20.76%. The company delivered an EPS surprise of +211.90%, with the consensus EPS estimate being $0.42.While investors scrutinize revenue and earnings changes year-over-year and how they compare wit ...

Chesapeake Energy (CHK) came out with quarterly earnings of $1.31 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $4.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 211.90%. A quarter ago, it was expected that this oil and gas company would post earnings of $0.57 per share when it actually produced earnings of $1.09, delivering a surprise of 91.23%.Over the last four quarters ...

OKLAHOMA CITY, Feb. 20, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today reported fourth quarter and full-year 2023 results and issued 2024 guidance. Fourth Quarter 2023 Highlights: Net cash provided by operating activities of $470 million Net income totaled $569 million, or $4.02 per fully diluted share; adjusted net income(1) totaled $185 million, or $1.31 per share Adjusted EBITDAX(1) of $635 million; free cash flow(1) of $91 million Produced approximately 3.43 bcfe/d net (98% natur ...

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 6100 North Western Avenue, Oklahoma City, Oklahoma 73118 (405) 848-8000 Title of each class Trading Symbol(s) Name of each exchange on which registered Comm ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Chesapeake Energy (CHK) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Februar ...

OKLAHOMA CITY, Feb. 13, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ: CHK, together with certain of its subsidiaries, collectively, "Chesapeake"), Delfin LNG LLC ("Delfin") and Gunvor Group Ltd, through Gunvor Singapore Pte Ltd ("Gunvor"), today announced the entrance into a liquefied natural gas (LNG) export deal that includes executed Sales and Purchase Agreements ("SPA") for long-term liquefaction offtake. Under the SPA, Chesapeake will purchase approximately 0.5 million tonnes ("mtpa") of ...