Chesapeake energy corporation reports 2019 third quarter financial and operational results

Oration reports 2019 third quarter financial and operational results, maintains 2019 guidance and announces plans to reduce 2020 capital budget.q3 adjusted loss per share $0.11 excluding items.q3 loss per share $0.06.q3 earnings per share estimate $-0.10 -- refinitiv ibes data.plans to reduce 2020 capital budget.reducing 2020 capital expenditure forecast by approximately 30%.average daily production for 2019 q3 was approximately 478,000 barrels of oil equivalent (boe).expect to reduce 2020 production and general and administrative (g&a) expenses by about 10%.qtrly total revenue $2,087 million versus $2,424 million.q3 revenue view $2.12 billion -- refinitiv ibes data.sees 2020 total capital expenditures of about $1.3 billion to $1.6 billion.2019 q4 oil production projected to increase approximately 10% over 2019 q3 levels.has downside protection on a portion of its 2020 projected oil production at an average price of $59.28 per bbl.chesapeake energy - has downside protection on a portion of its 2020 projected gas production at an average price of $2.76 per mcf..
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