
Chesapeake Energy reported a second-quarter net loss of $227 million, or $1.73 per fully diluted share, as persistently weak natural gas prices continued to impact the company's financial performance. This compares to a profit in the same period last year. Despite the loss, Chesapeake posted an adjusted net income of $1 million, or $0.01 per share, and an adjusted EBITDAX of $358 million. The company also reported net cash provided by operating activities of $209 million. Nick Dell'Osso, Chesapeake's President and Chief Executive Officer, highlighted the challenges posed by the low commodity prices.
Chesapeake posts loss in second quarter as prices stay low https://t.co/TC61GwwaUy
Chesapeake posts loss in second quarter as prices stay low https://t.co/nZTjvz9Drs https://t.co/MgJmJ3fYTO
$CHK Earnings: - Net loss of $227 million, or $1.73 per fully diluted share; adjusted net income of $1 million, or $0.01 per share - Adjusted EBITDAX of $358 million - Net cash provided by operating activities of $209 million Nick Dell'Osso, Chesapeake's President and Chief… https://t.co/hWqCVBCurD