Chesapeake energy corporation reports 2023 second quarter results

Oklahoma city , aug. 1, 2023 /prnewswire/ -- chesapeake energy corporation (nasdaq:chk) today reported 2023 second quarter financial and operating results. net cash provided by operating activities of $515 million net income of $391 million, or $2.73 per diluted share (all per share amounts stated on a diluted basis); adjusted net income(1) of $92 million, or $0.64 per share delivered total net production of 3,653 mmcfe per day and adjusted ebitdax(1) of $524 million increased base dividend approximately 4.5%; announced total quarterly dividend of $0.575 per common share to be paid in september 2023  completed approximately $125 million of share repurchases during second quarter; returned approximately $515 million ytd through second quarter via dividends and share repurchases cash on hand of approximately $900 million as of june 30, 2023 received recent upgrades to ba1 and bb+ from moody's and fitch ratings, respectively; continued path towards investment grade credit status entered into new heads of agreements (hoa) with lake charles lng supporting previously announced gunvor lng hoa achieved grade "a" miq and grade "a-" eo100tm recertification for marcellus operations (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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