Chesapeake Energy (CHK) Tops Q4 EPS by 59c; issues outlook

Chesapeake Energy (NASDAQ: CHK) reported Q4 EPS of $1.31, $0.59 better than the analyst estimate of $0.72.

OUTLOOK

Lowering prior capital expenditure guidance approximately 20% to $1.25 – $1.35 billion through rig count reductions and deferring completions and turn-in-lines
Capital plan generates a baseline guide of 2.65 – 2.75 bcf/d
Announced Southwestern Energy merger targeted to close in the second quarter
Signed LNG SPAs with offtake from Delfin LNG and sale to Gunvor at a JKM linked price

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• SVB & T Corporation (SVBT) Tops Q2 EPS by 275c
• Edible Garden AG (EDBL) Reports Q2 Loss of $18.79