Summary
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Expand Energy Reports Legacy Chesapeake Energy Results
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.
Chesapeake And Southwestern Become Expand Energy
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 $7.4 billion, and the merger closed Oct. 1, 2024. Despite a rough year for natural gas, the company is well-positioned to supply natural gas to Midwest and mid-Atlantic utilities via its Marcellus production, and gas for LNG from Haynesville.
Chesapeake Energy Set To Become Largest Natural Gas Producer In US, Says Analyst
Shares of Chesapeake Energy Corp CHK climbed in early trading on Friday, as oil prices moved slightly higher after the Personal Consumption Expenditures (PCE) Price Index report showed lower inflation in August than expected.
Expand Energy Corporation Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Charles Brandes Brandes Investment Partners | 26,303 | $2.38M | $2.34M | -$45,796.26 | -1.92% |
 Point72 Asset Management LP Point72 Asset Management LP | 1.52M | $166.92M | $167.7M | $785,585.31 | 0.47% |
 Washburn Capital Management Washburn Capital Management Inc. | 2,400 | $238.92 | $240 | - | - |
| AK Andrew Kirchner ELEVATION WEALTH PARTNERS, LLC | 55 | $6,070 | $6,069.8 | - | - |
| AS Alexandra Stickelman Root Financial Partners, LLC | 1,360 | $147,788.75 | $144,486.4 | -$3,302.47 | -2.23% |
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Expand Energy Corporation Profile
| - Industry | - Sector | Mr. Domenic J. Dell'Osso Jr. CEO | NASDAQ (NGS) Exchange | 165167735 CUSIP |
| United States Country | 1,000 Employees | 5 Sep 2024 Last Dividend | 15 Apr 2020 Last Split | 4 Feb 1993 IPO Date |
Overview
Chesapeake Energy Corporation is delineated as an independent exploration and production entity within the United States, specializing in the pursuit of natural resources. The organization’s primary focus encompasses the acquisition, exploration, and development of varied properties aimed at the production of oil, natural gas, and natural gas liquids extracted from subterranean reservoirs. With its inception dating back to 1989, Chesapeake Energy Corporation has entrenched its operations predominantly within the natural gas resource plays located in the Marcellus Shale across the northern Appalachian Basin in Pennsylvania, and the Haynesville/Bossier Shales in northwestern Louisiana. As of December 31, 2023, it boasts a comprehensive portfolio of onshore U.S. unconventional natural gas assets. The company’s holdings detail interests in approximately 5,000 natural gas wells, underscoring its significant presence in the oil and gas sector. Chesapeake Energy Corporation's headquarters are stationed in Oklahoma City, Oklahoma, serving as the nerve center for its expansive operations dispersed across the stated regions.
Products and Services
- Oil Production
Chesapeake Energy Corporation engages in the exploration and production of oil through the development of strategic properties. Their operations are designed to efficiently extract oil from underground reservoirs, contributing significantly to the United States' oil supply.
- Natural Gas Production
As a core aspect of its operations, the company focuses on the extraction of natural gas. This endeavor is facilitated through the acquisition and development of properties situated in prolific natural gas resource plays, notably the Marcellus Shale and Haynesville/Bossier Shales. This production addresses both domestic energy needs and contributes to the energy market’s dynamics.
- Natural Gas Liquids (NGLs)
In addition to oil and natural gas, Chesapeake Energy Corporation extends its product range to include the production of natural gas liquids. These NGLs, comprising ethane, propane, butanes, and natural gasoline, are derived during the natural gas processing phase. They signify the company's diverse capabilities in catering to various aspects of the energy sector.
