Chesapeake Energy (CHK) Misses Q2 EPS by 3c; Increases Divestiture Proceeds Outlook
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Chesapeake Energy Corporation Reports 2016 Second Quarter Financial And Operational Results
August 4, 2016 7:01 AM EDTOKLAHOMA CITY, Aug. 4, 2016 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE: CHK) today reported financial and operational results for the 2016 second quarter. Highlights include:
Total debt reduction of more than $1.0 billion year to date 2016 second quarter production averaged approximately 657,100 boe per day; company increases full-year 2016 production guidance by 3% while maintaining capital expenditure guidance Cost structure improvements lead to lower full-year 2016 production expense guidance Company increases target of 2016 total gross proceeds from asset divestitures by year-end to more than $2.0 billion from $1.2 to... More