Chesapeake Energy - The Situation Remains Very Dire [Seeking Alpha]
Chesapeake Energy Corporation (CHK)
Last chesapeake energy corporation earnings: 2/26 07:00 am
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US:NYSE Investor Relations:
chk.com/investors
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Source: Seeking Alpha
Summary Chesapeake Energy ( CHK ) has been struggling so far this year as second quarter results did not bring any relief, with shares trading near the lows after being down over a third so far this year. This comes despite the fact that the company has been posting adjusting profits in the first two quarters of the year. The issue is that past impairment charges have depressed the asset base so much, that depreciation charges are artificially lowered which creates the illusion and and at the same time the reality of GAAP profits. On the other hand, the ratio of capital spending to depreciation charges is now going crazy again, just to maintain or sightly grow production, as the company is still seeing cash outflows as a result. This observation and a near $10 billion net debt load, as well as continued dilution does not make the outlook very pretty amidst a declining production base. Profitable Again? Chesapeake posted second quarter production of 528,000 barrels o
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CHK
News
- UPDATE 1-US natgas prices little changed as colder forecasts offset storage oversupply [Yahoo! Finance]Yahoo! Finance
- CHESAPEAKE ENERGY CORPORATION PROVIDES 2024 FIRST QUARTER EARNINGS CONFERENCE CALL INFORMATIONPR Newswire
- Can Chesapeake Energy Handle A Low Natural Gas Price Environment? [Seeking Alpha]Seeking Alpha
- Bearish: Analysts Just Cut Their Chesapeake Energy Corporation (NASDAQ:CHK) Revenue and EPS estimates [Yahoo! Finance]Yahoo! Finance
- Chesapeake Energy Co. (NASDAQ: CHK) had its price target raised by analysts at Scotiabank from $92.00 to $110.00. They now have a "sector perform" rating on the stock.MarketBeat
CHK
Earnings
- 2/20/24 - Beat
CHK
Sec Filings
- 4/11/24 - Form S-4/A
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- CHK's page on the SEC website