Categories Earnings, Energy

Chesapeake Energy Corp. (NASDAQ: CHK): Q3 2019 Earnings Snapshot

— Chesapeake Energy Corporation (NASDAQ: CHK) reported an adjusted loss of of $0.11 per share for the third quarter of 2019, vs. $0.1 per share loss expected.

Chesapeake Energy Corp. (NASDAQ: CHK): Q3 2019 Earnings Snapshot

— Net loss available to common stockholders, on a reported basis, was $101 million or $0.06 per share, compared to a loss of $169 million or $0.19 per share a year earlier

— Total revenues decreased to $2.09 billion from $2.42 billion last year, vs. $3.01 billion expected

— Average daily production was 478,000 boe, on an adjusted basis, up 3% from last year

— Operating margin remained flat in the third quarter compared to the same period of last year

— Expects fourth-quarter oil production to increase approximately 10% sequentially

— Expects full-year 2020 capital expenditures in the range of $1.3 billion to $1.6 billion

— Anticipates 2020 production and general & administrative expenses to decline by 10%

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

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