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Chesapeake Energy(CHK) - 2022 Q2 - Earnings Call Presentation
2022-08-03 16:30
Answering the Call for Affordable, Reliable, Lower Carbon Energy 2Q 2022 EARNINGS / AUGUST 2, 2022 ENERGY Forward-Looking Statements This presentation and the accompanying outlook include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements other than statements of historical fact. They include statements that give our current expectations, management's outlook guidance o ...
Chesapeake Energy(CHK) - 2022 Q2 - Earnings Call Transcript
2022-08-03 16:21
Chesapeake Energy Corporation (NASDAQ:CHK) Q2 2022 Earnings Conference Call August 3, 2022 9:00 AM ET Company Participants Nick Dell’Osso - President, Chief Executive Officer Mohit Singh - Executive Vice President, Chief Financial Officer Josh Viets - Executive Vice President, Chief Operating Officer Brad Sylvester - Vice President, Investor Relations and Communications Conference Call Participants Scott Hanold - RBC Capital Markets Doug Leggate - Bank of America Zach Parham - JP Morgan Matt Portillo - TPH ...
Chesapeake Energy(CHK) - 2022 Q2 - Quarterly Report
2022-08-01 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities Registered Pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common Stock, $0.01 par value per share CHK The Nasdaq Stock Market LLC Class A Warrants to purchase Common Stock CHKEW The Nasdaq Stock Market LLC Class B Warrants to purchase Common Stock CHKEZ The Nasdaq Stock Market LLC Class C Warrants to purchase Common Stock CHKEL The Nasdaq Stock Market LLC FOR ...
Chesapeake Energy Corporation (CHK) CEO Nick Dell'Osso Presents at JP Morgan Energy, Power & Renewables Conference
2022-06-22 16:41
Summary of Chesapeake Energy Corporation Conference Call Company Overview - **Company**: Chesapeake Energy Corporation (NASDAQ: CHK) - **Industry**: Energy, specifically focused on natural gas production in the Marcellus, Haynesville, and Eagle Ford regions Key Points and Arguments 1. **Stock Buyback Authorization**: Chesapeake announced a doubling of its buyback authorization from $1 billion to $2 billion, indicating confidence in the stock's undervaluation [2][3] 2. **Free Cash Flow Projections**: The company projects $14 billion in free cash flow over the next five years, which is over 115% of its market cap, with $9 billion expected to be returned to shareholders [4][9] 3. **Asset Quality and Inventory**: Chesapeake has a deep inventory with 2,500 locations yielding over 100% rate of return, emphasizing the quality and longevity of its asset base [5][16] 4. **Balance Sheet Strength**: The company maintains a strong balance sheet with a commitment to keeping leverage at one time or less, which is crucial for sustainability amid price cyclicality [5][9][30] 5. **ESG Commitment**: Chesapeake emphasizes its commitment to environmental, social, and governance (ESG) principles, highlighting its low carbon footprint and efforts to improve its environmental impact [6][34] 6. **Shareholder Return Framework**: The company has a structured approach to returning cash to shareholders, including a base dividend of $2 per share and a variable dividend structure that returns 50% of free cash flow after the base dividend [8][9] 7. **Market Positioning**: Chesapeake believes it is uniquely positioned in the energy market due to its high yield and low financial leverage compared to peers, allowing for significant cash flow distribution to shareholders [13][36] 8. **Production Growth**: The company anticipates low single-digit growth in production, with a focus on optimizing capital allocation across its diverse portfolio [14][25] 9. **Marcellus Asset Performance**: The Marcellus region is highlighted as a key asset, expected to generate $7 billion in free cash flow over five years, with stable pricing dynamics despite infrastructure constraints [22][23] 10. **Haynesville and Eagle Ford Contributions**: The Haynesville is projected to grow by about 10% year-over-year, contributing $4 billion in free cash flow, while the Eagle Ford is expected to generate $3 billion over the same period [25][27] Additional Important Insights - **Market Dynamics**: There is a palpable concern in Europe regarding commodity prices and supply, positioning the U.S. as a critical player in global energy supply [7] - **Future Growth Potential**: Chesapeake is open to pursuing international LNG contracts, indicating a strategy to diversify its market presence [40] - **Infrastructure Constraints**: The company acknowledges current constraints in the Haynesville but believes that ongoing infrastructure projects will facilitate future growth [45] - **Shareholder Base Changes**: The turnover in the shareholder base has decreased from 88% to about 30%, indicating a more stable and income-oriented investor profile [32][33] This summary encapsulates the key themes and insights from the conference call, reflecting Chesapeake Energy's strategic focus on shareholder returns, asset quality, and market positioning within the energy sector.
Chesapeake Energy (CHK) Presents At Energy, Power, & Renewables Conference 2022 - Slideshow
2022-06-22 13:10
CHESAPEAKE ENERGY MARCELLUS HAYNESVILLE EAGLE FORD Answering the Call for Affordable, Reliable, Lower Carbon Energy J.P. MORGAN ENERGY, POWER & RENEWABLES CONFERENCE / JUNE 22, 2022 Forward-Looking Statements This presentation and the accompanying outlook include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements other than statements of historical fact. They include st ...
Chesapeake Energy(CHK) - 2022 Q1 - Earnings Call Transcript
2022-05-05 16:39
Chesapeake Energy Corporation (NASDAQ:CHK) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET Company Participants Brad Sylvester – Vice President-Investor Relations and Communications Nick Dell’Osso – President and Chief Executive Officer Mohit Singh – Executive Vice President and Chief Financial Officer Josh Viets – Executive Vice President and Chief Operating Officer ​ Conference Call Participants Doug Leggate – Bank of America Matt Portillo – TPH Nicholas Pope – Seaport Research Scott Hanold – RBC ...
Chesapeake Energy(CHK) - 2022 Q1 - Quarterly Report
2022-05-05 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities Registered Pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common Stock, $0.01 par value per share CHK The Nasdaq Stock Market LLC Class A Warrants to purchase Common Stock CHKEW The Nasdaq Stock Market LLC Class B Warrants to purchase Common Stock CHKEZ The Nasdaq Stock Market LLC Class C Warrants to purchase Common Stock CHKEL The Nasdaq Stock Market LLC FOR ...
Chesapeake Energy(CHK) - 2021 Q4 - Earnings Call Transcript
2022-02-24 16:51
Chesapeake Energy Corporation (NASDAQ:CHK) Q4 2021 Results Conference Call February 24, 2022 9:00 AM ET Company Participants Brad Sylvester - VP, IR Nick Dell'Osso - President, CEO Mohit Singh - EVP, CFO Josh Viets - EVP, COO Conference Call Participants Charles Meade - Johnson Rice Doug Leggate - Bank of America Josh Silverstein - Wolfe Research Nicholas Pope - Seaport Research Nitin Kumar - Wells Fargo Zach Parham - JPMorgan Operator Good day, and welcome to the Chesapeake Energy 2021 Fourth Quarter and F ...
Chesapeake Energy(CHK) - 2021 Q4 - Earnings Call Presentation
2022-02-24 03:39
| --- | --- | --- | --- | |-------|-------|-------|-------| | | | | | | | | | | E A G L E F O R D M A R C E L L U S Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements other than statements of historical fact. They include statements that give our current expectations, management's outlook guidance or forecasts of fut ...
Chesapeake Energy(CHK) - 2021 Q4 - Annual Report
2022-02-23 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-13726 CHESAPEAKE ENERGY CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizati ...