Chesapeake Energy's stock sinks after revenue falls short of expectations [MarketWatch]
Chesapeake Energy Corporation (CHK)
Last chesapeake energy corporation earnings: 2/26 07:00 am
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Source: MarketWatch
Chesapeake Energy's stock sinks after revenue falls short of expectations Shares of Chesapeake Energy Corp. CHK, -3.81% dropped 6.1% in premarket trade Wednesday, after the oil and natural gas company reported a wider first-quarter loss and revenue that fell short of expectations. The net loss widened to $44 million, or 3 cents a share, from $6 million, or 1 cent a share, in the same period a year ago. Excluding non-recurring items, the adjusted loss was 2 cents a share, or earnings of 14 cents "under full cost." The FactSet consensus was for earnings of 14 cents a share. Total revenue fell to $2.20 billion from $2.52 billion, below the FactSet consensus of $2.36 billion. Oil, natural gas and natural gas liquids revenue fell to $929 million from $1.24 billion, missing the FactSet consensus of $1.13 billion, while marketing revenue slipped to $1.23 billion from $1.25 billion but topped expectations of $1.18 billion. Average daily production was 484,000 barrels of oil equivalent (boe
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News
- Chesapeake Energy Co. (NASDAQ: CHK) had its price target raised by analysts at Wells Fargo & Company from $77.00 to $83.00. They now have an "equal weight" rating on the stock.MarketBeat
- Chesapeake Energy and Southwestern Energy Complete Merger and Provide Third Quarter Earnings Conference Call Information, Company Rebranded as Expand EnergyGlobeNewswire
- Chesapeake Energy Co. (NASDAQ: CHK) had its price target lowered by analysts at Truist Financial Co. from $108.00 to $96.00. They now have a "buy" rating on the stock.MarketBeat
- Deals this week: Chesapeake, Visa, KKR, Mondelez and more [Seeking Alpha]Seeking Alpha
- Chesapeake Energy Co. (NASDAQ: CHK) was upgraded by analysts at Roth Capital to a "strong-buy" rating.MarketBeat
CHK
Earnings
- 7/29/24 - Miss
CHK
Sec Filings
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- CHK's page on the SEC website