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

AVGO Earnings: All you need to know about Broadcom Q1 2021 earnings results

Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared

Infographic: Costco (COST) Q2 2021 sales up 15%; earnings miss

Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million

Will shifting to as-a-service model help Hewlett Packard in emerging stronger from COVID?

With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard

Tags

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