Chesapeake Q1 2022 Earnings Report
Key Takeaways
Chesapeake Energy Corporation reported strong first quarter results for 2022, including record quarterly adjusted free cash flow of $532 million and adjusted EBITDAX of $913 million. The company initiated a share repurchase program, retiring $83 million of common shares, and increased its 2022 adjusted EBITDAX and free cash flow guidance.
Net cash provided by operating activities was $853 million.
Adjusted free cash flow was $532 million, the highest quarterly amount in company history.
Net loss totaled $764 million, or $6.32 per diluted share; adjusted net income of $436 million, or $3.09 per diluted share.
Adjusted EBITDAX was $913 million.
Chesapeake
Chesapeake
Forward Guidance
Chesapeake Energy increased its 2022 adjusted EBITDAX guidance to $4.6 – $4.8 billion and adjusted free cash flow to $2.6 – $2.8 billion.