Chesapeake Energy (CHK) Beats Q1 Earnings Estimates
Chesapeake Energy Corporation CHK is an independent oil and gas company engaged in the acquisition, development, and production of onshore U.S. natural gas resources. The company has grown rapidly and is among the leading natural gas producer in the U.S.
Currently, Chesapeake Energy has a Zacks Rank #3 (Hold) but that could change following its first-quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Chesapeake reported adjusted first-quarter 2017 profit of 23 cents per share, beating the Zacks Consensus Estimate of 19 cents.
Revenue: Revenues of $1,469 million came above the Zacks Consensus Estimate of $1,104 million.
Key Stats: Chesapeake’s production for the reported quarter was approximately 48 million barrels of oil equivalent (MMBoe), reflecting a year-over-year decrease of 21.3%. Production consisted of approximately 8 million barrels (MMbbls) of oil (down 11.1% year-over-year), 211 billion cubic feet (bcf) of natural gas (down 23% year-over-year) and 5 MMbbls of NGL (down almost 17% year-over-year).
Check back later for our full write up on this Chesapeake Energy earnings report later!
Chesapeake Energy Corporation Price and EPS Surprise
Chesapeake Energy Corporation Price and EPS Surprise | Chesapeake Energy Corporation Quote
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Chesapeake Energy Corporation (CHK): Free Stock Analysis Report
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