Chesapeake Energy Corporation (NYSE:CHK) 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!
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Chesapeake Energy Corporation (CHK): Free Stock Analysis Report
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