Chesapeake Energy (CHK) Misses Q4 EPS by 12c

Chesapeake Energy (NASDAQ: CHK) reported Q4 EPS of $2.39, $0.12 worse than the analyst estimate of $2.51.

2022 Guidance Highlights:

• Increased 2022 adjusted EBITDAX guidance to $3.8 – $4.0 billion (previous range $3.4 – $3.6 billion) with no change in capital spending
• Expected to generate approximately $1.9 – $2.1 billion in adjusted free cash flow in 2022 and greater than $9 billion in adjusted free cash flow over the next five years
• Anticipate paying between $900 million – $1.1 billion (approximately 13% current yield, based on current stock price) in total dividends in 2022 and greater than $5 billion over the next five years
• Strong balance sheet with net debt(1)-to-2022E EBITDAX ratio of approximately 0.7x, pro forma for Chief and Powder River Basin cash consideration

For earnings history and earnings-related data on Chesapeake Energy (CHK) click here.

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