Chesapeake energy corporation reports second quarter 2024 results

Oklahoma city , july 29, 2024 /prnewswire/ -- chesapeake energy corporation (nasdaq:chk) today reported second quarter 2024 financial and operating results. net cash provided by operating activities of $209 million net loss of $227 million, or $1.73 per fully diluted share; adjusted net income(1) of $1 million, or $0.01 per share adjusted ebitdax(1) of $358 million quarterly base dividend of $0.575 per common share to be paid in september 2024, 14th straight quarter paying a dividend produced approximately 2.75 bcf/d net (100% natural gas); building productive capacity with 75 combined ducs and deferred tils at the end of the quarter lowered 2024 capital and production expense guidance ~4% and ~8% respectively, primarily due to improved operational efficiency and year-over-year deflation (1) definitions of non-gaap financial measures and reconciliations of each non-gaap financial measure to the most directly comparable gaap financial measure are included at the end of this news release.
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