Chesapeake sells Eagle Ford assets for $1.4B; Q4 net income $3.5B

EXPAND ENERGY Corp

Sale of 172,000 net acres and 2,300 wells to INEOS for $1.4B; closing expected Q2 2023.
Q4 adjusted net income $618M ($4.22 per share); adjusted EBITDAX $1,032M.
Q4 dividend $1.29/share ($0.55 base + $0.74 variable) payable March 23, 2023.
Full-year 2022 record adjusted free cash flow $2.1B; returned $2.3B to shareholders.
2023 capex guidance $1.765-1.835B; production expected to modestly decline YoY.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EXPAND ENERGY Corp reported fourth quarter and full year 2022 results: net income Net income totaled $3,513 million, or $24.00 per fully diluted share.

Period: fourth quarter and full year 2022
Net income: Net income totaled $3,513 million, or $24.00 per fully diluted share
Result: reported results

Exact text from the filing

Chesapeake Energy Corporation (“Chesapeake”) issued a press release reporting fourth quarter and full year 2022 financial and operational results.

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EXPAND ENERGY Corp filing history →

Source: SEC EDGAR

accession 0000895126-23-000018

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