Chesapeake Energy's Merger Deal to Close Early in Q4 2024 [Yahoo! Finance]
Chesapeake Energy Corporation (CHK)
Last chesapeake energy corporation earnings: 2/26 07:00 am
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Source: Yahoo! Finance
Chesapeake Energy Corporation CHK has announced that the pending merger with Southwestern Energy SWN is anticipated to close early in the fourth quarter of this year. Chesapeake Energy had announced the acquisition of rival natural gas firm Southwestern Energy in an all-stock deal, in January 2024. The deal was valued at approximately $7 billion. The acquisition was originally anticipated to be closed by the end of the second quarter. However, the U.S. Federal Trade Commission's (FTC) request for additional information on the transaction postponed the deal. Chesapeake Energy CEO Dell'Osso commented on the current state of the U.S. natural gas market, mentioning that it is oversupplied at present. In this situation, he believes that the company should be cautious about its overall supply strategy. The post-merger company will adjust the supply as and when the management believes that the oversupply issue has been resolved. A situation of oversupply in the market is believed to n
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CHK
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
- 11/21/24 - Form FWP
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- CHK's page on the SEC website