trending Market Intelligence /marketintelligence/en/news-insights/trending/JWJG2ziZ85pG2Zpg6Yg_Ow2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Chesapeake's Q2 losses fall short of analyst estimates

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Video

COVID-19 Impact & Recovery: Energy Outlook for H2 2021

Blog

Corporate renewables market flourished in 2020 despite pandemic

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective


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.