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Mar 31, 2024
Chesapeake Q1 2024 Earnings Report
Reported first quarter 2024 results, demonstrating portfolio strength and capital discipline amidst market conditions.
Key Takeaways
Chesapeake Energy Corporation reported a net income of $26 million, or $0.18 per fully diluted share, and an adjusted net income of $80 million, or $0.56 per share for the first quarter of 2024. The company generated $552 million in net cash from operating activities and $131 million in free cash flow. Adjusted EBITDAX was $508 million.
Net income of $26 million, or $0.18 per fully diluted share; adjusted net income of $80 million, or $0.56 per share.
Net cash provided by operating activities of $552 million.
Adjusted EBITDAX of $508 million; free cash flow of $131 million.
Produced approximately 3.20 bcf/d net (100% natural gas).
Chesapeake
Chesapeake
Chesapeake Revenue by Segment
Revenue by Segment
Natural Gas, Oil and NGL Revenue
CapyFin.comMarketing Revenue
CapyFin.comNatural Gas, Oil and NGL Derivatives Revenue
CapyFin.comGains on Sales of Assets Revenue
CapyFin.com Forward Guidance
Chesapeake expects to drill 95-115 wells and place 30-40 wells on production for the full year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income