trending Market Intelligence /marketintelligence/en/news-insights/trending/JWJG2ziZ85pG2Zpg6Yg_Ow2 content esgSubNav
In This List

Chesapeake's Q2 losses fall short of analyst estimates

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push


Chesapeake's Q2 losses fall short of analyst estimates

Chesapeake Energy Corp. on Aug. 6 reported an adjusted loss attributable to the company of $158.0 million, or a loss of 10 cents per share, for the second quarter, compared to a loss of $118.0 million, or a loss of 13 cents per share, in the second quarter a year ago.

The S&P Global Market Intelligence consensus normalized earnings estimate for the second quarter was a loss of 7 cents per share.

Net income totaled $98.0 million, compared to a loss of $249.0 million in the prior-year period.

Chesapeake recorded revenue of $2.37 billion in the second quarter, compared to $2.26 billion in the prior-year period.

The oil and natural gas producer said average daily production came to 496,000 barrels of oil equivalent in the second quarter, compared to 530,000 boe a year earlier.