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Chesapeake Energy (CHK) Beats on Q3 Earnings Estimates
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Chesapeake Energy Corporation (CHK - Free Report) is an upstream energy player with oil and natural gas exploration and production activities in the premier US resources.
Currently, Chesapeake Energy has a Zacks Rank #3 (Hold) but that could change following its third-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 third-quarter 2017 profit of 12 cents per share, beating the Zacks Consensus Estimate of 10 cents.
Revenue: Revenues of $979 million came below the Zacks Consensus Estimate of $1,041 million.
Key Stats: Chesapeake’s production for the reported quarter was approximately 50 million barrels of oil equivalent (MMBoe), reflecting a year-over-year decrease of 15.3%. Production consisted of approximately 8 million barrels (MMbbls) of oil (in-line year-over-year), 219 billion cubic feet (bcf) of natural gas (down 18.3% year-over-year) and 5 MMbbls of NGL (down almost 17% year-over-year).
Oil equivalent realized price – including realized gains (losses) on derivatives – in the reported quarter was $21.67 per barrel of oil equivalent compared with $17.30 a year ago.
Chesapeake Energy Corporation Price and EPS Surprise
Check back later for our full write up on this Chesapeake Energy earnings report later!
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Chesapeake Energy (CHK) Beats on Q3 Earnings Estimates
Chesapeake Energy Corporation (CHK - Free Report) is an upstream energy player with oil and natural gas exploration and production activities in the premier US resources.
Currently, Chesapeake Energy has a Zacks Rank #3 (Hold) but that could change following its third-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 third-quarter 2017 profit of 12 cents per share, beating the Zacks Consensus Estimate of 10 cents.
Revenue: Revenues of $979 million came below the Zacks Consensus Estimate of $1,041 million.
Key Stats: Chesapeake’s production for the reported quarter was approximately 50 million barrels of oil equivalent (MMBoe), reflecting a year-over-year decrease of 15.3%. Production consisted of approximately 8 million barrels (MMbbls) of oil (in-line year-over-year), 219 billion cubic feet (bcf) of natural gas (down 18.3% year-over-year) and 5 MMbbls of NGL (down almost 17% year-over-year).
Oil equivalent realized price – including realized gains (losses) on derivatives – in the reported quarter was $21.67 per barrel of oil equivalent compared with $17.30 a year ago.
Chesapeake Energy Corporation Price and EPS Surprise
Chesapeake Energy Corporation Price and EPS Surprise | Chesapeake Energy Corporation Quote
Check back later for our full write up on this Chesapeake Energy earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>