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CHK Chesapeake Energy Corporation

86.67
-0.12 (-0.14%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Chesapeake Energy Corporation NASDAQ:CHK NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.12 -0.14% 86.67 72.92 101.77 87.16 85.08 86.61 2,836,734 05:00:00

Chesapeake Energy Forecasts Flat Capital Spending This Year

27/02/2019 12:49pm

Dow Jones News


Chesapeake Energy (NASDAQ:CHK)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Chesapeake Energy Charts.
   By Micah Maidenberg 
 

Chesapeake Energy Corp. (CHK) reported lower production at the end of the year, but the company was able to boost sales and earnings were helped by special items.

The oil-and-gas company said profit available to common stockholders rose to $486 million, or 49 cents a share, up from $309 million, or 33 cents a share, a year earlier.

The company's adjusted earnings of 21 cents a share surpassed the 18 cents a share that analysts expected, according to FactSet.

Sales rose 22% to $3.07 billion, beating expectations of $2.28 billion.

This year, Chesapeake said it expects flat capital spending compared to last year, of $2.3 billion to $2.5 billion. It projects average oil production of 116,000 barrels a day to 122,000 barrels a day.

 

Write to Micah Maidenberg at micah.maidenberg@wsj.com

 

(END) Dow Jones Newswires

February 27, 2019 07:34 ET (12:34 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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