#Chk morningstar free
Additionally, Chesapeake plans to adopt a variable return program that will result in the payment of an additional dividend, payable beginning in March 2022, equal to the sum of free cash flow from the prior quarter less the base quarterly dividend, multiplied by 50%.Īlso, on December 2, 2021, CHK announced authorizations from its board of directors to buy back up to $1 billion of its common stock and/or warrants. The base dividend will be payable on Decemto shareholders of record at the close of business on November 24, 2021. In the press release:Ĭhesapeake's Board of Directors increased its base quarterly dividend on its common shares to $0.4375 per share, representing a 27% increase compared to the previous dividend amount. The quarterly free cash flow for 3Q21 was $265 million, indicated by the company. Trailing twelve-month free cash flow ("ttm") is estimated at $265 million. The generic free cash flow is cash from operating activities minus CapEx. Analysis: Revenues, Free Cash Flow, Net debt, And Oil & Gas Productionġ - Quarterly revenues and others were $887 million in 3Q21Ĭhesapeake reported a net loss of $345 million in 3Q21, or $3.51 per share, compared to a $745 million loss, or $76.18 per share, in the year-ago period.Ģ - Free cash flow was estimated at $265 million in 3Q21 * Estimated by Fun Trading or indicated by the company. Source: Chesapeake Energy 10-Q and Morningstar/Fun Trading Oil equivalent price realized (composite) in $/Boe Long term Debt (including short term) in $ Billion Data by YCharts Chesapeake Energy - 3Q21 Quarterly Financial Table: The Raw Numbers Chesapeake CHK However, it will take a long time before the shareholders' confidence will be fully restored, and you should remain cautious.ĬHK is up 34% on a one-year basis and has significantly outperformed Coterra Energy (NYSE: CTRA). The balance sheet looks solid after the reorganization. I consider CHK an excellent trading tool for short-term trading, but due to a much better outlook for natural gas, it is reasonable to invest long-term in a medium position as well. The investment thesis for CHK has improved over the past few months. Note: On November 30, 2021, Chesapeake Energy announced that Mohit Singh had been appointed Executive Vice President and Chief Financial Officer, effective December 6, 2021. Behind our talented workforce, strong balance sheet, great operational track record and advantaged ESG profile, I firmly believe Chesapeake sits in an incredibly strong position today and is poised to consistently deliver best-in-class returns to our shareholders. I'm very pleased with our strong third quarter results and could not be more encouraged about the direction we're heading as a company. On November 2, 2021, Chesapeake Energy released its third-quarter 2021 results.ġ - 3Q21 Production snapshot Source: PresentationĬFO Nick Dell'Osso said in the conference call:
#Chk morningstar plus
Vine stockholders will receive fixed consideration of 0.2486 of a share of Chesapeake common stock plus $1.20 cash for each share of Vine common stock issued and outstanding.
The transaction was approved by Vine stockholders at a special meeting held on November 1, 2021.
On November 1, 2021, Chesapeake Energy completed the acquisition of Vine Energy Inc.: emerged from Chapter 11 bankruptcy with a business plan focused on natural gas after recently pursuing crude oil production. On February 10, 2021, Chesapeake Energy Corp. Bankruptcy Court for the Southern District of Texas on June 28, 2020. Oklahoma City-based Chesapeake Energy ( NASDAQ: CHK) and 40 affiliates voluntarily filed for Chapter 11 bankruptcy protection in the U.S.
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