Chesapeake Energy Sees 2Q Earnings, Revenue Increase

Date : 08/06/2019 @ 12:53PM
Source : Dow Jones News
Stock : Chesapeake Energy Corp (CHK)
Quote : 1.59  -0.18 (-10.17%) @ 11:09PM

Chesapeake Energy Sees 2Q Earnings, Revenue Increase

Chesapeake Energy (NYSE:CHK)
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2 Months : From Jul 2019 to Sep 2019

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By Michael Tobin

 

Chesapeake Energy Corp. (CHK) reported Tuesday that second quarter profit that revenue exceeded analysts expectations, but the company missed The Street's adjusted earnings expectations.

The Oklahoma City-based upstream oil company reported earnings of 5 cents a share, up from a loss of 30 cents a share in the prior year period. Analysts polled by FactSet estimated a loss of 6 cents a share.

On an adjusted basis, Chesapeake the company posted a loss of 10 cents a share. Analysts were expecting a loss of 6 cents a share.

Chesapeake reported second quarter revenue of $2.39 billion, up from $2.29 billion during last year's second quarter. Analysts were looking for revenue of $2.37 billion.

 

Write to Michael Tobin at michael.tobin@wsj.com

 

(END) Dow Jones Newswires

August 06, 2019 07:38 ET (11:38 GMT)

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

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