Chesapeake Energy: Q2 Earnings Snapshot
OKLAHOMA CITY (AP) _ Chesapeake Energy Corp. (CHK) on Tuesday reported second-quarter net income of $1.24 billion, after reporting a loss in the same period a year earlier.
On a per-share basis, the Oklahoma City-based company said it had net income of $8.27. Earnings, adjusted for non-recurring gains, were $4.87 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.74 per share.
The oil and gas company posted revenue of $3.52 billion in the period.