Chesapeake energy corporation reports 2021 second quarter results

Oklahoma city, aug. 10, 2021 /prnewswire/ -- chesapeake energy corporation (nasdaq:chk) today reported 2021 second quarter results. highlights include: net cash provided by operating activities of $394 million, resulting in unrestricted cash balance of $612 million net loss totaled $439 million, or $4.48 per diluted share; adjusted net income(1) of $181 million, or $1.64 per diluted share adjusted ebitdax(1) of $429 million; free cash flow of $292 million; net debt(1) at june 30 to 2021e adjusted ebitdax ratio of 0.3x initiating variable return program to deliver 50% of free cash flow(1) to shareholders on a quarterly basis, payable in the 2022 first quarter announced responsibly sourced gas (rsg) partnership; first company seeking to certify and continuously monitor production across two major shale gas basins positive 2021 guidance adjustments include increasing adjusted ebitdax, raising oil and gas production estimates due to lower base decline rates, lower general and administrative (g&a) expenses, and no change in capital spending (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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