Expand Energy's results reflect Chesapeake Energy alone. The company sold profitable Eagle Ford operations while merging to expand its presence in the high-cost Haynesville. Year-to-date adjusted net income is positive. But selling prices are miserable compared to others in the Marcellus Basin.
Expand Energy, built from Chesapeake's acquisition of Southwestern, is a $19.5 billion market cap company paying a 2.7% base dividend. Chesapeake acquired Southwestern for $7.4 billion, and the merger closed Oct. 1, 2024. Despite a rough year for natural gas, the company is well-positioned to supply natural gas to Midwest and mid-Atlantic utilities via its Marcellus production, and gas for LNG from Haynesville.
Shares of Chesapeake Energy Corp CHK climbed in early trading on Friday, as oil prices moved slightly higher after the Personal Consumption Expenditures (PCE) Price Index report showed lower inflation in August than expected.
The stock market is about to make a major shift, this time driven by the shift in monetary policy set on by the Federal Reserve (the Fed). After the most recent meeting to decide the new path of interest rates for the United States, Jerome Powell (the Fed chairman) cut interest rates by the most aggressive pace in 16 years.
CHK and SWN's all-stock deal is set to close early in the fourth quarter of this year after the FTC???s request for additional information postponed it.
Chesapeake Energy's $7 billion acquisition of rival natural gas producer Southwestern Energy is expected to close early in the fourth quarter, CEO Nick Dell'Osso said on Wednesday.
When the market gets too long or too short in any given set of stocks or asset classes, investors must eventually watch out for the changing tides. Just like anything that is priced openly to the public, stocks that run out of buyers will need to see lower prices to attract new business, just like stocks that run out of sellers need to see higher prices instead.
A commodity cycle is underway again, and this time, Warren Buffett is backing up the new views on the energy sector's potential rally higher. According to the CME's FedWatch tool prediction for September 2024, interest rate cuts could be underway soon.
When stocks accumulate a significant short interest, it typically creates the risk of a short squeeze. When investors sell a stock short, they have to borrow and sell it to profit from their bearish views.
Investors need to pay close attention to Chesapeake Energy (CHK) stock based on the movements in the options market lately.
Chesapeake Energy Corporation (NASDAQ:CHK ) Q2 2024 Earnings Conference Call July 30, 2024 9:00 AM ET Company Participants Chris Ayres - Vice President, Investor Relations and Treasurer Nick Dell'Osso - President and Chief Executive Officer Mohit Singh - Executive Vice President and Chief Financial Officer Josh Viets - Executive Vice President and Chief Operating Officer Conference Call Participants Bertrand Donnes - Truist Douglas Leggate - Wolfe Research Neil Mehta - Goldman Sachs Zachary Parham - JPMorgan Charles Meade - Johnson Rice Betty Jiang - Barclays Joshua Silverstein - UBS Phillips Johnston - Capital One Paul Diamond - Citi Operator Good morning, and welcome to the Chesapeake Energy Corporation Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.
Chesapeake Energy (CHK) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.64 per share a year ago.