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.