Chesapeake Q2 2024 Earnings Report
Key Takeaways
Chesapeake Energy Corporation reported a net loss of $227 million, or $1.73 per fully diluted share, but an adjusted net income of $1 million, or $0.01 per share. The company's adjusted EBITDAX was $358 million. They lowered their 2024 Capital and Production Expense guidance by approximately 4% and 8%, respectively.
Net cash provided by operating activities of $209 million
Net loss of $227 million, or $1.73 per fully diluted share; adjusted net income of $1 million, or $0.01 per share
Adjusted EBITDAX of $358 million
Lowered 2024 Capital and Production Expense guidance ~4% and ~8% respectively, primarily due to improved operational efficiency and year-over-year deflation
Chesapeake
Chesapeake
Chesapeake Revenue by Segment
Forward Guidance
Chesapeake lowered full-year 2024 capital guidance $50 million to $1.2 to $1.3 billion and production expense guidance $0.02 to $0.21 to $0.26 per mcf.