Chesapeake Energy Corporation Reports 2021 First Quarter Results, Initiates Common Stock Dividend And Announces Updated Guidance

Chesapeake Energy (CHK) Tops Q1 EPS by 90c

May 11, 2021 4:04 PM EDT

Chesapeake Energy (NASDAQ: CHK) reported Q1 EPS of $2.75, $0.90 better than the analyst estimate of $1.85.

Successor net income totaled $295 million, or $2.75 per diluted shareGenerated adjusted EBITDAX (a non-GAAP measure) of $510 million for the combined 2021 Successor and Predecessor Periods (January 1, 2021 - March 31, 2021)March 31, 2021 unrestricted cash balance of $340 million; reducing March 31, 2021 net debt (a non-GAAP measure) to adjusted... More