CHK Stock Recent News

Expand Energy, built from Chesapeake's acquisition of Southwestern, is a $19.5 billion market cap company paying a 2.7% base dividend. Chesapeake acquired Southwestern for $7.4 billion, and the merger closed Oct. 1, 2024. Despite a rough year for natural gas, the company is well-positioned to supply natural gas to Midwest and mid-Atlantic utilities via its Marcellus production, and gas for LNG from Haynesville.

OKLAHOMA CITY, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) today closed on their previously announced combination. The combined company has been rebranded as Expand Energy Corporation. Expand Energy's common stock will commence public trading on the NASDAQ under the ticker “EXE” at the open of trading on October 2, 2024, and will continue to trade today under the symbol “CHK”.

Shares of Chesapeake Energy Corp CHK climbed in early trading on Friday, as oil prices moved slightly higher after the Personal Consumption Expenditures (PCE) Price Index report showed lower inflation in August than expected.

CHK and SWN's all-stock deal is set to close early in the fourth quarter of this year after the FTC???s request for additional information postponed it.

Chesapeake Energy's $7 billion acquisition of rival natural gas producer Southwestern Energy is expected to close early in the fourth quarter, CEO Nick Dell'Osso said on Wednesday.

A commodity cycle is underway again, and this time, Warren Buffett is backing up the new views on the energy sector's potential rally higher. According to the CME's FedWatch tool prediction for September 2024, interest rate cuts could be underway soon.

Investors need to pay close attention to Chesapeake Energy (CHK) stock based on the movements in the options market lately.

Chesapeake Energy Corporation (NASDAQ:CHK ) Q2 2024 Earnings Conference Call July 30, 2024 9:00 AM ET Company Participants Chris Ayres - Vice President, Investor Relations and Treasurer Nick Dell'Osso - President and Chief Executive Officer Mohit Singh - Executive Vice President and Chief Financial Officer Josh Viets - Executive Vice President and Chief Operating Officer Conference Call Participants Bertrand Donnes - Truist Douglas Leggate - Wolfe Research Neil Mehta - Goldman Sachs Zachary Parham - JPMorgan Charles Meade - Johnson Rice Betty Jiang - Barclays Joshua Silverstein - UBS Phillips Johnston - Capital One Paul Diamond - Citi Operator Good morning, and welcome to the Chesapeake Energy Corporation Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Chesapeake Energy (CHK) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.64 per share a year ago.

OKLAHOMA CITY , July 29, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today reported second quarter 2024 financial and operating results. Net cash provided by operating activities of $209 million Net loss of $227 million, or $1.73 per fully diluted share; adjusted net income(1) of $1 million, or $0.01 per share Adjusted EBITDAX(1) of $358 million Quarterly base dividend of $0.575 per common share to be paid in September 2024, 14th straight quarter paying a dividend Produced approximately 2.75 bcf/d net (100% natural gas); building productive capacity with 75 combined DUCs and deferred TILs at the end of the quarter Lowered 2024 Capital and Production Expense guidance ~4% and ~8% respectively, primarily due to improved operational efficiency and year-over-year deflation (1) Definitions of non-GAAP financial measures and reconciliations of each non-GAAP financial measure to the most directly comparable GAAP financial measure are included at the end of this news release