Importantly, as recent events bring the focus of energy security back to the forefront of policy discussions across the globe, Chesapeake remains uniquely positioned to deliver reliable, affordable and lower carbon energy the world desperately needs."Ĭhesapeake's net production rate in the first quarter of 2022 was approximately 620,000 boe per day (approximately 87% natural gas and 13% total liquids), utilizing an average of 13 rigs to drill 41 wells and place 43 wells on production. ![]() ![]() We have updated our annual guidance, increasing the midpoint of our adjusted free cash flow projection, and further enhancing our ability to execute our capital return framework. We delivered record quarterly adjusted free cash flow, initiated our $1 billion share and warrant repurchase program and continued realizing the synergies anticipated from the Vine transaction, which we look forward to replicating with our recently closed Chief assets. (1) A Non-GAAP measure as defined in the supplemental financial tables available on the company's website at Nick Dell'Osso, Chesapeake's President and Chief Executive Officer, commented, "Momentum continues to build for Chesapeake as we execute our returns-focused strategy. Increased 2022 adjusted free cash flow to $2.6 – $2.8 billion (previous range $1.9 – $2.1 billion).Increased 2022 adjusted EBITDAX guidance to $4.6 – $4.8 billion (previous range $3.8 – $4.0 billion).Initiated share repurchase program, retiring $83 million of common shares in the first quarter anticipate pursuing additional repurchases in the second quarter and beyond.Quarterly dividend of $2.34 per common share, consisting of a variable dividend of $1.84 per common share and a quarterly base dividend of $0.50 per common share, payable Jto shareholders of record at the close of business on May 19, 2022. ![]() Net loss totaled $764 million, or $6.32 per diluted share adjusted net income (1) of $436 million, or $3.09 per diluted share.Delivered $532 million in adjusted free cash flow (1), the highest quarterly amount in company history. ![]() Net cash provided by operating activities of $853 million.OKLAHOMA CITY, / PRNewswire/ - Chesapeake Energy Corporation (NASDAQ:CHK) today reported 2022 first quarter financial and operating results.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |