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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
Forward Guidance
Chesapeake expects to drill 95-115 wells and place 30-40 wells on production for the full year.