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LONDON, UK / ACCESSWIRE / April 05, 2018 / Active-Investors.com has just released a free earnings report on Chesapeake Energy Corp. (NYSE: CHK) ("Chesapeake"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CHK. Chesapeake reported its fourth quarter and fiscal 2017 operating and financial results on February 22, 2018. The natural gas Company beat revenue and earnings estimates. Register today and get access to over 10,00 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Tengasco, Inc. (NYSE AMER: TGC), which also belongs to the Basic Materials sector as the Company Chesapeake Energy. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Chesapeake Energy most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=CHK

Earnings Highlights and Summary

For the three months ended December 31, 2017, Chesapeake reported total revenue of $2.52 billion up 21% compared to revenue of $2.02 billion in Q4 2016. The Company's reported numbers topped analysts' forecasts for revenue of $1.23 billion.

For full year 2017, Chesapeake recorded revenue of $9.50 billion, up 21% compared to revenue of $7.87 billion in FY16.

For Q4 2017, Chesapeake reported net income available to common stockholders of $309 million, or $0.33 per diluted share, compared to net loss attributable to common stockholders of $740 million, or $0.83 per diluted share, in Q4 2016.

In Q4 2017, the Company's adjusted net income attributable to Chesapeake was $314 million, or $0.30 per diluted share, compared to adjusted net income attributable to the Company of $64 million, or $0.07 per diluted share, in Q4 2016. Chesapeake's earnings beat Wall Street's estimates of $0.29 per share.

For the full year 2017, Chesapeake reported net income available to common stockholders of $813 million, or $0.90 per diluted share, compared to net loss attributable to common stockholders of $4.92 billion, or $6.43 per diluted share, in FY16. On an adjusted basis, the Company reported net income attributable to Chesapeake of $742 million, or $0.82 per diluted share, compared to loss of $31 million, or $0.03 per diluted share, in FY16.

Operations Update

During Q4 2017, Chesapeake's oil, natural gas, and NGL revenue soared 86% to $1.26 billion on a y-o-y basis. The Company's oil, natural gas, and NGK unhedged revenue in the reported quarter increased 16% on a y-o-y basis, driven by 3% growth in volumes and an increase in commodity prices.

For Q4 2017, Chesapeake's average daily production of approximately 593,200 Barrel of Oil Equivalent (boe) increased by 15% on a y-o-y basis, adjusted for asset sales, and consisted of approximately 99,900 barrels(bbls) of oil, 2.603 Billion of standard cubic feet (bcf) of natural gas and 59,500 bbls of NGL. The Company had reported production of approximately 574,500 boe in Q4 2016. Chesapeake's average daily production was approximately 547,800 boe for FY17, compared to approximately 635,400 boe in FY16.

Chesapeake's Production expenses were $2.50 per boe during Q4 2017, while general and administrative (G&A) expenses were $1.34 per boe. The Company's combined production and G&A expenses in the reported quarter totaled $3.84 per boe, reflecting a drop of 10% on a y-o-y basis. Chesapeake's gathering, processing, and transportation expenses were $7.15 per boe in Q4 2017, down 10% on a y-o-y basis.

Balance Sheet and Liquidity

As of December 31, 2017, Chesapeake's principal debt balance was approximately $9.98 billion compared to $9.99 billion as of December 31, 2016. The Company's liquidity as of December 31, 2017, was approximately $2.893 billion, which included cash on hand and undrawn borrowing capacity of approximately $2.888 billion under Chesapeake's senior secured revolving credit facility. As of December 31, 2017, the Company had $781 million of outstanding borrowings under the revolving credit facility and had used $116 million of the revolving credit facility for various letters of credit.

Chesapeake's total capital investments were approximately $2.46 billion during FY17 compared to approximately $1.70 billion in FY16.

Stock Performance Snapshot

April 04, 2018 - At Wednesday's closing bell, Chesapeake Energy's stock slightly fell 0.34%, ending the trading session at $2.91.

Volume traded for the day: 22.08 million shares.

After yesterday's close, Chesapeake Energy's market cap was at $2.62 billion.

Price to Earnings (P/E) ratio was at 1.29.

The stock is part of the Basic Materials sector, categorized under the Independent Oil & Gas industry. This sector was up 0.1% at the end of the session.

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