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Chesapeake Energy: Q1 Earnings Snapshot

May 4, 2022 GMT

OKLAHOMA CITY (AP) _ Chesapeake Energy Corp. (CHK) on Wednesday reported a first-quarter loss of $764 million, after reporting a profit in the same period a year earlier.

The Oklahoma City-based company said it had a loss of $6.32 per share. Earnings, adjusted for non-recurring costs, came to $3.09 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.46 per share.

The oil and gas company posted revenue of $935 million in the period.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHK at https://www.zacks.com/ap/CHK