Chesapeake Energy

Chesapeake Energy Corp. engages in the acquisition, exploration and development of properties for the production of oil, natural gas and natural gas liquids from underground reservoirs. It focuses its acquisition, exploration, development and production efforts in the following geographic operating areas: Marcellus, Haynesville, Eagle Ford, Brazos Valley, and Powder River Basin. The company was founded by Aubrey K. McClendon and Tom L. Ward on May 18, 1989 and is headquartered in Oklahoma City, OK.

Earnings data Q2 2020

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Chesapeake Energy sells Eagle Ford assets, focuses on growth strategy

Chesapeake Energy's Q4 performance reflects a strategic shift towards Marcellus and Haynesville assets post-Eagle Ford divestiture.
The company remains focused on operational efficiency, cash flow management, and shareholder value creation amidst market challenges.
Engagement with rating agencies and proactive hedging demonstrate a commitment to financial discipline and long-term growth strategies.
Chesapeake's confidence in creating shareholder value and navigating market challenges positions them for a promising year ahead.

Chesapeake Energy reports strong Q1 performance and LNG growth strategy

Chesapeake Energy's Q1 2023 earnings call highlighted a robust financial performance, strategic focus on LNG readiness, and efforts to enhance operational efficiency. While facing challenges in reducing capital expenditure and potential service cost pressures, the company remains agile in adapting to market conditions and leveraging opportunities for growth.

Chesapeake Energy (CHK) reports strong Q2 performance and strategic focus

Chesapeake Energy's Q2 2023 earnings call highlighted operational success, financial strength, and a cautious approach to market challenges. The company's focus on shareholder value creation, strategic acquisitions, and technology transfer between wells positions it for future growth. Challenges in technology replication and market uncertainties require a vigilant approach to capital allocation and operational decisions.

Chesapeake Energy excels in Q3, poised for growth in LNG

Chesapeake Energy delivered a strong performance in Q3 2023, showcasing operational excellence, financial strength, and strategic market positioning.
While facing challenges in industry consolidation and market dynamics, the company is well-positioned to leverage opportunities for growth and profitability.
Investors can be optimistic about Chesapeake Energy's future outlook, supported by operational achievements, financial stability, and strategic initiatives in the LNG sector.

Chesapeake Energy reports strong operational gains and strategic merger plans

Chesapeake Energy's Q4 2023 earnings call highlighted operational achievements, strategic decisions, and challenges in a competitive market. The company's focus on cost efficiencies, shareholder value, and market responsiveness positions it for sustainable growth. Opportunities in optimizing production, generating free cash flow, and leveraging natural gas as an energy solution underscore potential avenues for future success.

Chesapeake Energy focuses on discipline and efficiency amid market challenges

Chesapeake Energy's Q1 2024 earnings call highlighted financial discipline, operational efficiency, and strategic planning amidst an oversupplied natural gas market.
The company's strong capital structure, optimism about long-term demand growth, and focus on integration planning post-merger position it well for future success.
While facing challenges in market dynamics and production adjustments, Chesapeake Energy sees opportunities in LNG exports, cost synergies post-merger, and improving gas market conditions.

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Expand Energy Corp. engages in the production and development of natural gas, oil, and natural gas liquids. Its operations include Haynesville, Northeast Appalachia, and Southwest Appalachia. The company was founded in 2024 and is headquartered in Oklahoma City, OK.

The average of price targets set by Wall Street analysts indicates a potential upside of 30.5% in Chesapeake Energy (CHK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does Chesapeake Energy (CHK) Have the Potential to Rally 30% as Wall Street Analysts Expect?

Antero Resources

CNX Resources

Comstock Resources

The steady flow of LNG demand is likely to spur natural gas demand and prices. This should aid gas-weighted producers like CNX Resources (CNX), Chesapeake Energy (CHK), Comstock Resources (CRK) and Antero Resources (AR).

Know Why Natural Gas Prices Ended 7.5% Higher Past Week

The mean of analysts' price targets for Chesapeake Energy (CHK) points to a 26.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Chesapeake Energy (CHK) Could Surge 27%: Read This Before Placing a Bet

Chesapeake Energy Corporation (CHK) CEO Mike Wichterich on Q3 2021 Results - Earnings Call Transcript

Shale producer Chesapeake Energy Corp on Wednesday said it was increasing its 2021 total oil production forecast to between 24.5 million and 26.5 million barrels, an increase of 1 million barrels from earlier guidance.

Chesapeake Energy boosts 2021 oil output forecasts by 1 million barrels

Chesapeake Energy Corp on Tuesday reported adjusted net income of $269 million, or $2.38 per share, topping analysts expectations as the oil market recovers and prices hit multi-year highs.

Chesapeake Energy earnings beat as oil prices rebound

OKLAHOMA CITY, Nov. 2, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today reported 2021 third quarter results. Highlights include: Net cash provided by operating activities of $443 million, resulting in unrestricted cash balance of $849 million Net loss totaled $345 million, or $3.51 per diluted share; adjusted net income(1) of $269 million, or $2.38 per diluted share Adjusted EBITDAX(1) of $519 million; free cash flow(1) of $265 million; net debt(1) at September 30 to 2021E adjusted EBITDAX ratio of 0.2x Increased base dividend by 27%, as previously announced, to $1.75 per share annually and payable beginning in December 2021 Increased 2021 guidance for adjusted EBITDAX and total production with no change in capital spending; increased preliminary 2022 guidance for adjusted EBITDAX significantly Intends to invest over $30 million in ESG initiatives by year end 2022, including retrofitting over 19,000 pneumatic devices, reducing reported GHG emissions(2) by approximately 40% and methane emissions by approximately 80% (1) A Non-GAAP measure as defined in the supplemental financial tables available on the company's website at www.chk.com.

Chesapeake Energy Corporation Reports 2021 Third Quarter Results

Vine Energy

OKLAHOMA CITY, Nov. 1, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today announced it has completed its previously announced acquisition of Vine Energy Inc. (NYSE: VEI). The transaction was approved by Vine stockholders at a special meeting held on November 1, 2021.

Chesapeake Energy Corporation Completes Acquisition Of Vine Energy Inc.

Nabors Industries

OKLAHOMA CITY and HAMILTON, Bermuda, Oct. 28, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) and Nabors Industries Ltd. (NYSE: NBR) today announced they will enter into a contractual agreement, establishing Nabors as the new preferred drilling contractor for Chesapeake across its unconventional oil and natural gas assets in the United States.

Chesapeake Energy Corporation Selects Nabors Industries as Preferred Drilling Contractor

OKLAHOMA CITY, Oct. 19, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today announced that it will release its 2021 third quarter operational and financial results after market close on Tuesday, November 2, 2021. A conference call to discuss the results has been scheduled on Wednesday, November 3, 2021 at 9:00 am EDT.

Chesapeake Energy Corporation Provides 2021 Third Quarter Earnings Conference Call Information

OKLAHOMA CITY, Oct. 11, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today announced that its Board of Directors has unanimously voted to appoint Domenic "Nick" Dell'Osso as President and Chief Executive Officer and a member of the company's Board of Directors, effective immediately. Mike Wichterich, who served as Interim Chief Executive Officer, will assume the role of Executive Chairman of the Board of Directors.

Chesapeake Energy Corporation Appoints Domenic J. Dell'Osso President And Chief Executive Officer And Announces Revised Executive Compensation Program

Shares of Chesapeake Energy Corp. CHK, +4.21% rallied 1.9% in afternoon trading, after the oil and natural gas company received a bullish endorsement from UBS analyst Lloyd Byrne citing a "clean" balance sheet and discounted valuation. Byrne started coverage of Chesapeake with a buy rating and stock price target of $88, which implied a 35% upside from current levels.

Chesapeake Energy's stock rallies after getting bullish endorsement from UBS analyst

Quarterly results will be clouded with deferred maintenance and other reorganization issues.

Chesapeake Energy Remains On The Wagon While Doubling Down On Natural Gas

Chesapeake (CHK) will pay Pennsylvania landowners more than $9 million for improper oil and gas royalty calculation.

Chesapeake (CHK) Reaches Settlement Deal Over Underpaid Royalties

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With the trading day more than halfway over, the broad markets had a roaring start to the week with the S&P 500 and Nasdaq hitting record intraday highs.

Monday Afternoon Analyst Upgrades and Downgrades: Chesapeake Energy, Traeger and More

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Apart from Chesapeake Energy (CHK), Viper Energy Partners (VNOM) and Phillips 66 (PSX), there were news from TechnipFMC (FTI) and The Williams Companies (WMB) during the week.

Deals by Chesapeake, Viper Energy & Phillips 66 Dominate Oil & Gas Stock Roundup

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Expanding opportunities for the electric vehicles market boost the U.S. alternative energy industry's prospects. However, lack of investment in hydrogen market remains a concern.

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Chesapeake Energy Corporation (CHK) CEO Mike Wichterich on Q2 2021 Results - Earnings Call Transcript

Chesapeake Energy Corp (NASDAQ:CHK) is in the spotlight today, after news that the company is acquiring sector peer Vine Energy (VEI) in a cash-and-stock deal valued at roughly $2.2 billion.

Energy Giant Climbs After Earnings, Acquisition

Chesapeake Energy Corp. CHK, said Wednesday it has reached an agreement to acquire Vine Energy Inc. VEI, +2.69% in a zero-premium cash-and-stock deal valued at about $2.2 billion. Under the terms of the deal, Chesapeake will pay $15 a share, split between 0.2486 shares and $1.20 in cash.

Chesapeake Energy to acquire Vine Energy in a zero-premium cash-and-stock deal valued at about $2.2 billion

OKLAHOMA CITY, Aug. 11, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) ("Chesapeake") and Vine Energy Inc. (NYSE:VEI) ("Vine") today announced that they have entered into a definitive agreement pursuant to which Chesapeake will acquire Vine, an energy company focused on the development of natural gas properties in the over-pressured stacked Haynesville and Mid-Bossier shale plays in Northwest Louisiana. The acquisition is a zero premium transaction valued at approximately $2.2 billion, based on a 30-day average exchange ratio as of Tuesday's close, equating to $15.00 per share.

Chesapeake Energy Corporation Consolidates Haynesville With At- Market Acquisition Of Vine Energy Inc.

Chesapeake Energy Corp on Tuesday raised its full-year forecasts for adjusted core income and production after beating Wall Street estimates for the second quarter.

Chesapeake Energy raises full-year core profit, production outlook

OKLAHOMA CITY, Aug. 10, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today reported 2021 second quarter results. Highlights include: Net cash provided by operating activities of $394 million, resulting in unrestricted cash balance of $612 million Net loss totaled $439 million, or $4.48 per diluted share; adjusted net income(1) of $181 million, or $1.64 per diluted share Adjusted EBITDAX(1) of $429 million; free cash flow of $292 million; net debt(1) at June 30 to 2021E adjusted EBITDAX ratio of 0.3x Initiating variable return program to deliver 50% of free cash flow(1) to shareholders on a quarterly basis, payable in the 2022 first quarter Announced responsibly sourced gas (RSG) partnership; first company seeking to certify and continuously monitor production across two major shale gas basins Positive 2021 guidance adjustments include increasing adjusted EBITDAX, raising oil and gas production estimates due to lower base decline rates, lower general and administrative (G&A) expenses, and no change in capital spending (1) A Non-GAAP measure as defined in the supplemental financial tables available on the company's website at www.chk.com.

Chesapeake Energy Corporation Reports 2021 Second Quarter Results

Halliburton

HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) and VoltaGrid LLC today announced the first successful deployment of an advanced electric fracturing solution. This project is the first pad in a multi-year contract with Chesapeake Energy Corporation (NASDAQ: CHK) with more than 140 stages in the Marcellus. It combines Halliburton's all-electric fracturing spread featuring the Zeus™ 5,000 horsepower (HHP) electric pumping unit with VoltaGrid's advanced power generation system. This high

Halliburton And VoltaGrid Electric Solution Reduces Emissions for Chesapeake Energy Corporation

When U.S. oil and gas producer Chesapeake Energy Corp emerged from bankruptcy in February, it touted to investors a clean balance sheet, a new board of directors and a promise to restrain spending.

News for Chesapeake Energy Stock (CHK)