Chesapeake Energy to reveal 2Q earnings in early August


After a first quarter in which the company had $1.3 billion in net income, Chesapeake Energy Corporation prepares to release its second quarter financial results after the close of markets on  Tuesday, August 1.

The company executives will hold a conference call to discuss the results on Wednesday, August 2 at 8 a.m. Central Time.

In the first quarter, Chesapeake’s operating activities produced $889 million net cash while the net income of $1.389 billion resulted in $9.60 per diluted share. The adjusted net income provied to be $270 million or $1.87 per diluted share.

Shareholders received $250 million in the form of dividends and share repurchases at the time while Chesapeake also divested some of its Eagle Ford assets in a $2.8 billion sale.

The Oklahoma City company ended the quarter with $1.2 billion cash on hand.