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Sep 30, 2023
Chesapeake Q3 2023 Earnings Report
Reported strong results driven by operational efficiency and strategic financial management.
Key Takeaways
Chesapeake Energy Corporation reported a net income of $70 million, or $0.49 per diluted share, and an adjusted net income of $155 million, or $1.09 per share, for the third quarter of 2023. The company delivered a total net production of 3,495 mmcfe per day and adjusted EBITDAX of $580 million. They returned over $200 million to shareholders through dividends and share buybacks.
Net income was $70 million, or $0.49 per diluted share; adjusted net income was $155 million, or $1.09 per share.
Total net production reached 3,495 mmcfe per day with adjusted EBITDAX of $580 million.
Over $200 million was returned to shareholders through dividends and share buybacks.
The company entered into a new heads of agreement with Vitol to supply natural gas for LNG production.
Forward Guidance
Chesapeake Energy expects to drill 35-45 wells and place 50-60 wells on production in the fourth quarter of 2023, remaining flexible based on market conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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