Chesapeake Energy: Q2 Earnings Snapshot

August 2, 2022 GMT

OKLAHOMA CITY (AP) _ Chesapeake Energy Corp. (CHK) on Tuesday reported second-quarter net income of $1.24 billion, after reporting a loss in the same period a year earlier.

On a per-share basis, the Oklahoma City-based company said it had net income of $8.27. Earnings, adjusted for non-recurring gains, were $4.87 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.74 per share.

The oil and gas company posted revenue of $3.52 billion in the period.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHK at https://www.zacks.com/ap/CHK