Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Chesapeake Energy Q4 Profit Rises - Quick Facts

RELATED NEWS
Trade CHK now with 

Chesapeake Energy Corp. (CHK: Quote) reported that its fourth-quarter net income to common stockholders was $429 million or $0.63 per share, up from $180 million or $0.28 per share in the same quarter last year.

Excluding the items, for the 2011 fourth quarter, Chesapeake reported adjusted net income to common stockholders of $394 million or $0.58 per share.

Total revenues for the quarter rose to $2.73 billion from $1.98 billion in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.59 per share on revenues of $3.05 billion. Analysts' estimates typically exclude special items.

Chesapeake's operated dry gas drilling capital expenditures in 2012, net of drilling carries, are expected to decrease to $0.9 billion, a decrease of approximately 70% from similar expenditures of $3.1 billion in 2011 and the company's lowest expenditures on dry gas plays since 2005.

Chesapeake said that it has increased its current liquids production to more than 110,000 bbls per day. The company projects that its 2012 net liquids production will increase by approximately 63,000 bbls per day, or more than 70% year over year, to an average of approximately 150,000 bbls per day.

Register
To receive FREE breaking news email alerts for Chesapeake Energy Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.