earnings
confidence high
sentiment negative
materiality 0.70
Chesapeake Energy reports Q2 net loss of $227M, lowers 2024 capex guidance by ~4%
EXPAND ENERGY Corp
2024-Q2 EPS reported
-$1.53
revenue$1,586,000,000
- Net loss of $227M ($1.73 diluted EPS); adjusted net income of $1M ($0.01 EPS).
- Adjusted EBITDAX of $358M; net cash from operations $209M.
- Quarterly base dividend maintained at $0.575/share, payable Sep 2024 (14th consecutive quarter).
- Net production 2.75 bcf/d (100% natural gas); 75 combined DUCs and deferred TILs at quarter end.
- Lowered 2024 capital expenditure guidance ~4% and production expense guidance ~8% on efficiency gains.