Chesapeake Energy Reports Q2 FY2023 Earnings on August 1st
August 10, 2023
☀️Earnings Overview
On August 1 2023, CHESAPEAKE ENERGY ($NASDAQ:CHK) reported earnings for Q2 of FY2023, ending on June 30 2023. Total revenue for the quarter was USD 1.4 billion, a decrease of 59.4% from the previous year’s same quarter. Additionally, net income for the quarter also decreased 68.5% from the same quarter last year to USD 0.39 billion.
Share Price
Chesapeake Energy, one of the largest natural gas producers in the United States, will announce its second-quarter financial results for the fiscal year 2023 on August 1st. On Tuesday, the stock opened at $83.4 and closed at $84.4, representing a 0.1% increase from the previous closing price of 84.3. Going forward, investors and analysts will be keeping a close watch on Chesapeake Energy’s performance and its ability to deliver on its promises. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Chesapeake Energy. More…
| Total Revenues | Net Income | Net Margin |
| 11.74k | 6.18k | 49.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Chesapeake Energy. More…
| Operations | Investing | Financing |
| 3.77k | -191 | -2.63k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Chesapeake Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.43k | 4.03k | 77.66 |
Key Ratios Snapshot
Some of the financial key ratios for Chesapeake Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.9% | -22.7% | 47.8% |
| FCF Margin | ROE | ROA |
| 14.3% | 33.9% | 24.3% |
Analysis
At GoodWhale, we conducted a detailed analysis of CHESAPEAKE ENERGY‘s fundamentals and classified them under our Star Chart for companies. These types of companies are attractive to value investors and those looking for long-term investments as they can provide stability and consistent returns. CHESAPEAKE ENERGY has a high health score of 10/10, indicating that it is capable of paying off debt and funding future operations. It also scores highly in cashflows and debt, indicating that it is financially healthy. Additionally, CHESAPEAKE ENERGY is strong in operations and medium in asset, dividend, growth, and profitability. This makes it a promising investment opportunity for value investors. More…
Peers
Chesapeake Energy Corp is engaged in the exploration, development, acquisition and production of natural gas, oil and natural gas liquids in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The Exploration and Production segment is engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The Marketing, Gathering and Compression segment is engaged in the gathering, transportation and compression of natural gas, and the marketing and trading of natural gas, oil and natural gas liquids.
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Summary
Investors looking to assess Chesapeake Energy‘s performance in Q2 of FY2023 should consider the company’s total revenue and net income. Revenue decreased by 59.4% year-on-year, while net income decreased by 68.5%. Though these figures are concerning, investors should also consider the company’s recent efforts to improve their financial situation, such as cost-cutting initiatives and enhancing operational efficiencies.
Chesapeake Energy is also currently exploring strategic alternatives, which could help drive long-term value. Ultimately, investors will need to assess the company’s financials in light of these developments before deciding whether to invest in the company.
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