Chesapeake Q1: net income $26M, adj net income $80M, dividend $0.715/share

EXPAND ENERGY Corp

2024-Q1 EPS reported $0.18 revenue$1,081,000,000

Net income $26M ($0.18 diluted EPS); adjusted net income $80M ($0.56 per share).
Production 3.20 bcf/d (100% natural gas); building 46 DUCs/deferred TILs; plans to drop Marcellus rig mid-year.
Declared combined base ($0.575) and variable ($0.14) dividend totaling $0.715/share, payable June 5 to May 16 record.
Credit facility commitments increased by $500M to $2.5B; LC sublimit up $300M to $500M.
Signed LNG SPAs for 0.5 mtpa from Delfin LNG with Gunvor offtake, targeted start 2028.

item 2.02 item 7.01 item 9.01

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 first quarter 2024 results: net income Net income of $26 million, or $0.18 per fully diluted share, EPS $0.18 per fully diluted share.

Period: first quarter 2024
Net income: Net income of $26 million, or $0.18 per fully diluted share
EPS: $0.18 per fully diluted share
Result: reported results

Exact text from the filing

Chesapeake Energy Corporation (NASDAQ:CHK) today reported first quarter 2024 financial and operating results. • Net income of $26 million, or $0.18 per fully diluted share; adjusted net income (1) of $80 million, or $0.56 per share

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Source: SEC EDGAR

accession 0000895126-24-000053

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