Categories AlphaGraphs

Chesapeake Energy Corporation: Q4 2017 earnings snapshot

Oklahoma-based petroleum and natural gas company Chesapeake Energy today reported that its fourth quarter bottom line increased to $309 million or $0.33 per share, resulting from debt reduction efforts that it had implemented through 2017, as well as increased cash flow. On an adjusted basis, net income attributable to Chesapeake was $314 million, or $0.30 per diluted share.

The company revenue for the quarter jumped 24.8% to $2.52 billion, up from $2.02 billion a year ago.

The natural gas producer’s oil, natural gas and NGL unhedged revenue in the fourth quarter jumped 16% year-over-year, driven by a 3% spike in volumes and higher commodity prices.

For 2018, Chesapeake expects production, adjusted for asset sales, to grow about 3% year-over-year, while oil volumes are expected to grow about 5% compared to 2017 levels.

chesapeake earnings snapshot

Most Popular

Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO

Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training

INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues

Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came

Riding the AI wave, Nvidia looks set to stay on the high-growth path

After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top