Chesapeake Energy Corp.

Chesapeake Energy Corp. today announced that its Board of Directors has doubled its previously announced repurchase program authorization from $1 billion to up to $2 billion in aggregate value of its common stock and/or warrants through year-end 2023. To date, under its previously authorized program, Chesapeake has repurchased approximately 5.4 million shares of its common stock at an average price of approximately $89 [...]

Chesapeake Energy Corp. today reported 2022 first quarter financial and operating results. Highlights include: Net cash provided by operating activities of $853 million Delivered $532 million in adjusted free cash flow, the highest quarterly amount in company history Net loss totaled $764 million, or $6.32 per diluted share; adjusted net income of $436 million, or $3.09 per diluted share Adjusted EBITDAX of $913 million [...]

Chesapeake Energy Corp. today announced that it will release its 2022 first quarter operational and financial results after market close on Wednesday, May 4, 2022. A conference call to discuss the results has been scheduled on Thursday, May 5, 2022 at 9:00 am EDT. The telephone number to access the conference call is 888-317-6003 or 412-317-6061 for international callers. The passcode for the call is 3710649 [...]

Chesapeake Energy Corp. today announced it has completed its previously announced acquisition of Chief E&D Holdings, LP and associated non-operated interests held by affiliates of Tug Hill, Inc. . Nick Dell'Osso, Chesapeake's President and Chief Executive Officer, commented, "The Chief transaction deepens our premium inventory, allowing us to allocate additional capital toward our world class Marcellus Shale position and [...]

Chesapeake Energy Corp. today reported fourth quarter and full-year 2021 results and updated 2022 guidance. 2021 Fourth Quarter Highlights: Net cash provided by operating activities of $563 million; unrestricted cash balance of $905 million Net income of approximately $1.4 billion, or $11.13 per diluted share; adjusted net income of $308 million, or $2.39 per diluted share Adjusted EBITDAX of $687 million; adjusted free [...]

Chesapeake Energy Corp. today announced that it will release its 2021 fourth quarter and full year operational and financial results after market close on Wednesday, February 23, 2022. A conference call to discuss the results has been scheduled on Thursday, February 24, 2022 at 9:00 am EDT. The telephone number to access the conference call is 888-317-6003 or 412-317-6061 for international callers. The passcode for the [...]

Refocuses portfolio on highest-return assets, strengthens Marcellus position and increases free cash flow and dividend payout OKLAHOMA CITY, Jan. 25, 2022 /PRNewswire/ -- Chesapeake Energy Corp. today announced significant transactions designed to strengthen its asset portfolio, deliver higher free cash flow, and increase its projected annual dividend payments. The company signed definitive agreements to acquire Chief E&D [...]

Chesapeake Energy Corp. today announced that Josh Viets has been appointed Executive Vice President and Chief Operating Officer, effective February 1, 2022. "Josh has been at the forefront of how our industry is evolving for the future, and I am excited to welcome him to the Chesapeake team," said Nick Dell'Osso, Chesapeake's President and Chief Executive Officer. "As we refocus our portfolio around our strongest assets [...]

Chesapeake Energy is the first company to certify Haynesville natural gas operations jointly under the MiQ methane standard, and the EO100TM Standard for Responsible Energy Development, which covers a broad range of environmental, social and governance criteria. The certification includes Chesapeake's legacy Haynesville Shale operations with production volume of approximately 1 billion cubic feet of natural gas per day [...]

Chesapeake Energy Corp. today announced that its Board of Directors has authorized the repurchase of up to $1 billion in aggregate value of its common stock and/or warrants from time to time. The repurchase authorization permits Chesapeake to make repurchases on a discretionary basis as determined by management, subject to market conditions, applicable legal requirements, available liquidity, compliance with the company's [...]