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BRIEF-Chesapeake Energy Corp Reports Q1 Earnings Per Share $2.75

05/11/2021 16:29
BRIEF-Chesapeake Energy Corp Reports Q1 Earnings Per Share $2.75

- Chesapeake Energy Corp CHK.O:

  • ORATION REPORTS 2021 FIRST QUARTER RESULTS, INITIATES COMMON STOCK DIVIDEND AND ANNOUNCES UPDATED GUIDANCE

  • Q1 EARNINGS PER SHARE $2.75

  • Q1 EARNINGS PER SHARE ESTIMATE $1.85 -- REFINITIV IBES DATA

  • INCREASED FIVE-YEAR CUMULATIVE FREE CASH FLOW (A NON-GAAP MEASURE) OUTLOOK TO ABOUT $3 BILLION

  • EXPECTS TOTAL PRODUCTION LEVELS IN 2022 TO REMAIN FLAT TO 2021

  • CHESAPEAKE ENERGY - Q1 AVERAGE NET PRODUCTION RATE OF ABOUT 436,000 BARRELS OF OIL EQUIVALENT PER DAY (ABOUT 77% NATURAL GAS AND 23% TOTAL LIQUIDS)

  • CHESAPEAKE ENERGY - CURRENTLY OPERATING 7 RIGS ACROSS ITS PORTFOLIO, WITH 3 RIGS IN APPALACHIA, THREE RIGS IN HAYNESVILLE AND ONE RIG IN SOUTH TEXAS

  • CHESAPEAKE ENERGY - EXPECTS NATURAL GAS PRODUCTION INCREASING TO APPROXIMATELY 85% OF TOTAL PRODUCTION MIX FOR 2022

  • CHESAPEAKE ENERGY - CONSOLIDATED FINANCIAL STATEMENTS AFTER FEB 9, 2021 ARE NOT COMPARABLE WITH FINANCIAL STATEMENTS AS OF OR PRIOR TO THAT DATE

  • DECLARED AN ANNUAL DIVIDEND ON ITS COMMON SHARES OF $1.375 PER SHARE

Source text for Eikon: ID:nPnPkh9xa

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