Chesapeake energy corporation reports third quarter 2023 results

Oklahoma city , oct. 31, 2023 /prnewswire/ -- chesapeake energy corporation (nasdaq:chk) today reported third quarter 2023 financial and operating results. net cash provided by operating activities of $506 million net income of $70 million, or $0.49 per diluted share (all per share amounts stated on a diluted basis); adjusted net income(1) of $155 million, or $1.09 per share delivered total net production of 3,495 mmcfe per day and adjusted ebitdax(1) of $580 million returned more than $200 million to shareholders through base dividend and share buybacks; announced total quarterly dividend of $0.575 per common share to be paid in december 2023 cash on hand of approximately $713 million as of september 30, 2023 upgraded to positive watch while maintaining bb at s&p global ratings; advancing path toward investment grade credit status entered into new heads of agreements (hoa) with vitol to provide gas sufficient to produce up to 1 mtpa of lng with net back indexed to the japan korea marker (jkm) for 15 years joined the oil & gas methane partnership (ogmp) 2.0 (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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