Chesapeake energy corporation reports first quarter 2024 results

Oklahoma city , april 30, 2024 /prnewswire/ -- chesapeake energy corporation (nasdaq:chk) today reported first quarter 2024 financial and operating results. net income of $26 million, or $0.18 per fully diluted share; adjusted net income(1) of $80 million, or $0.56 per share net cash provided by operating activities of $552 million adjusted ebitdax(1) of $508 million; free cash flow(1) of $131 million delivered $112 million in adjusted free cash flow(1) yielding combined quarterly base and variable dividend of $0.715 per common share to be paid in june 2024 produced approximately 3.20 bcf/d net (100% natural gas); building productive capacity with 46 combined ducs and deferred tils at the end of the quarter reaffirmed credit facility borrowing base and increased aggregate commitments to $2.5 billion (1) a non-gaap measure as defined in the supplemental financial tables available on the company's website at www.chk.com.
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