While Chesapeake Energy reported a record third quarter that ended with $1.3 billion in net cash from operating activities, don’t expect the same thing in 2023.
It’s what Chesapeake CEO Domenic Dell’Osso warned investors during the company’s conference call. He blamed inflation, saying it could surpass 15% next year.
As a result of growing costs for materials and labor, Dell’Osso suggested production will be flat according to Reuters.
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