Edition:
United States

Chesapeake Energy Corp (CHK.N)

CHK.N on New York Stock Exchange

5.29USD
26 May 2017
Change (% chg)

$0.11 (+2.12%)
Prev Close
$5.18
Open
$5.24
Day's High
$5.30
Day's Low
$5.15
Volume
5,231,522
Avg. Vol
6,659,037
52-wk High
$8.20
52-wk Low
$3.93

Latest Key Developments (Source: Significant Developments)

Chesapeake Energy Corp announces pricing of private placement of $750 mln of senior notes
Monday, 22 May 2017 06:13pm EDT 

May 22 (Reuters) - Chesapeake Energy Corp :Chesapeake energy corporation announces pricing of private placement of $750,000,000 of senior notes.Notes will bear interest at a rate of 8.00 pct per annum, payable semi-annually on June 15 and December 15 of each year.Priced its private placement to eligible purchasers of $750 million aggregate principal amount of 8.00 pct senior notes due 2027.Chesapeake may redeem up to 35 pct of aggregate principal amount of notes at any time prior to June 15, 2020.Notes will mature on June 15, 2027.May redeem up to 35 pct of aggregate principal amount of notes at a price equal to 108 pct of principal amount of notes to be redeemed.  Full Article

Chesapeake Energy announces private placement of $750 mln of senior notes
Monday, 22 May 2017 08:00am EDT 

May 22 (Reuters) - Chesapeake Energy Corp ::Chesapeake Energy Corporation announces private placement of $750,000,000 of senior notes.Chesapeake Energy Corp - intends to use net proceeds from offering, together with cash on hand and borrowings under its revolving credit facility.Chesapeake Energy Corp - has commenced private placement to eligible purchasers of $750 million aggregate principal amount of senior notes due 2027.  Full Article

Soros Fund Management ups share stake in Facebook, Hewlett Packard Enterprise
Monday, 15 May 2017 05:37pm EDT 

May 15 (Reuters) - Soros Fund Management::Soros Fund Management takes share stake of 233,500 shares in Activision Blizzard Inc.Soros Fund Management ups share stake in Facebook Inc by 80.4 pct to 638,086 class A shares.Soros Fund Management takes share stake of 32,100 shares in Chesapeake Energy Corp.Soros Fund Management ups share stake in Hewlett Packard Enterprise from 1.1 million shares to 3.2 million shares.Change in holdings are as of March 31, 2017 and compared with the previous quarter ended as of Dec 31, 2016.  Full Article

Chesapeake Energy Corp Q1 adjusted EPS attributable to co $0.23
Thursday, 4 May 2017 07:00am EDT 

May 4 (Reuters) - Chesapeake Energy Corp :Chesapeake Energy Corp- average 2017 q1 production of 528,000 boe per day, above midpoint of guidance of 515,000 to 535,000 boe per day.Chesapeake Energy Corp- oil production expected to reach 100,000 barrels per day by year-end 2017.As of March 31, 2017, Chesapeake's principal debt balance was approximately $9.1 billion with $249 million in cash on hand.Chesapeake Energy Corporation reports 2017 first quarter financial and operational results.Q1 earnings per share $0.08.Q1 revenue rose 41 percent.Q1 earnings per share view $0.18 -- Thomson Reuters I/B/E/S.Chesapeake Energy Corp qtrly revenue $2,753 million versus $1,953 million.Sees 2017 adjusted production growth of 0% to 4%.Chesapeake Energy- on April 24, 2017, received notice from u.s. Supreme court it would not review its appeal related to co's 2019 notes litigation.Sees 2017 ngl absolute production 19.0 mmbbls - 20.0 mmbbls.Chesapeake Energy Corp sees fy liquids absolute production 52.5 - 55.0 mmbbls.Sees 2017 total capital expenditures $2,100 million - $2,500 million.Chesapeake energy corp- intends to spud and place on production approximately 400 and 450 gross operated wells, respectively, in 2017.Chesapeake energy corp- plans to utilize an average of 17 rigs throughout year.Chesapeake energy corp sees fy absolute oil production 33.5 - 35.0 mmbbls.Chesapeake energy corp - expect production to grow significantly in second half of 2017 as we place more wells to sales.  Full Article

Chesapeake Energy notifies holders of its 2.5 pct contingent convertible senior notes due 2037 of their repurchase option
Thursday, 30 Mar 2017 04:05pm EDT 

Chesapeake Energy Corp : Chesapeake Energy Corporation notifies holders of its 2.5% contingent convertible senior notes due 2037 of their repurchase option . Chesapeake Energy Corp - Chesapeake intends to fund repurchase price using available cash . Chesapeake Energy Corp - Repurchase price is equal to 100% of aggregate principal amount of note . Chesapeake Energy Corp- Chesapeake intends to fund repurchase price using available cash. . Chesapeake Energy Corp - Repurchase option commences today and expires at 5:00 p.m., New York time, on May 10, 2017 . Chesapeake Energy Corp - Payment of repurchase price will be made on May 16, 2017 .Chesapeake Energy Corp - If all outstanding notes are surrendered for repurchase, aggregate cash repurchase price will be approximately $14.76 million.  Full Article

Chesapeake Energy says had about 3,300 employees as of Dec. 31, 2016
Friday, 3 Mar 2017 08:52am EST 

Chesapeake Energy Corp :Chesapeake Energy says had about 3,300 employees as of December 31, 2016 compared to about 4,400 employees as of December 31, 2015 - SEC filing.  Full Article

Chesapeake Energy files for non-timely 10-K
Thursday, 2 Mar 2017 08:23am EST 

Chesapeake Energy Corp : Chesapeake Energy Corp files for non-timely 10-K - SEC filing . Says company intends to file the form 10-K no later than Monday, March 6, 2017 . Chesapeake Energy Corp - expects to report a material weakness in its internal control over financial reporting in the form 10-K . Chesapeake Energy Corp - expects to report a net loss of $4.399 billion for the year ended Dec 31, 2016, versus net loss of $14.635 billion for year ended Dec 31, 2015 .Chesapeake Energy -primary drivers of 2016 net loss were noncash impairments of carrying value of oil and natural gas properties totaling $2.564 billion.  Full Article

Chesapeake Energy reports Q4 adjusted earnings $0.07/share
Thursday, 23 Feb 2017 07:48am EST 

Chesapeake Energy Corp : Chesapeake energy corporation reports 2016 full year and fourth quarter financial and operational results . Q4 revenue fell 24 percent . Q4 adjusted earnings per share $0.07 excluding items . Q4 loss per share $0.84 . Q4 earnings per share view $0.07 -- Thomson Reuters I/B/E/S . Says average daily production for 2016 Q4 of approximately 574,500 barrels of oil equivalent . Q4 total revenues $2,021 million versus $2,649 million . Says as of Dec 31, 2016, Chesapeake's debt principal balance was approximately $10.0 billion, compared to $9.7 billion as of December 31, 2015 . Sees FY total capital expenditures $1,900 million - $2,500 million . Sees FY NGL absolute production 18 - 20 mmbbls . Sees FY oil absolute production 33 mmbbls - 35 mmbbls . Sees FY liquids absolute production 51 mmbbls - 55 mmbbls . Chesapeake expects to end February with approximately $300 million in cash on hand . Says average daily production for 2016 Q4 consisted of approximately 90,400 bbls of oil, 2.562 bcf of natural gas and 57,100 bbls of NGL . Says "planning to sell additional non-core and non-operated properties in 2017" . Says Chesapeake's average daily production for 2016 Q4 was approximately 574,500 boe . Says for 2017 Q1, company expects its average daily production to range between 515,000 and 535,000 boe . Says Chesapeake is currently utilizing 17 drilling rigs across its operating areas.  Full Article

Covey Park Energy LLC buys additional Haynesville assets from Chesapeake Energy
Wednesday, 15 Feb 2017 06:04pm EST 

Covey Park Energy LLC: Press release - Covey Park announces acquisition of additional Haynesville assets from Chesapeake Energy for $465 million .Says deal for for $465 million.  Full Article

Chesapeake Energy provides 2017 outlook
Tuesday, 14 Feb 2017 07:00am EST 

Chesapeake Energy Corp : Chesapeake Energy Corporation provides 2017 guidance and operational update . Chesapeake Energy Corp - sees FY projected total capital expenditures guidance of $1.9 - $2.5 billion, including capitalized interest . Chesapeake Energy Corp - sees FY projected total company production guidance ranging from a decline of 3% to growth of 2%, adjusted for asset sales . Chesapeake Energy Corp - exit rate oil production projected to grow by 10% in 2017 . Chesapeake Energy Corp - plan to operate an average of approximately 17 drilling rigs in 2017, compared to 10 rigs in 2016 . Chesapeake Energy Corp - intends to spud and place on production approximately 400 and 450 gross operated wells in 2017 . Chesapeake Energy Corp - company is targeting total production of 194 - 205 million barrels of oil equivalent (mmboe) in 2017 . Chesapeake Energy Corp says projecting that natural gas production growth will be relatively flat from year-end 2016 to year-end 2017 . Chesapeake Energy Corp says expect that gas volumes will return to growing again from year-end 2017 to year-end 2018 . Chesapeake Energy Corp - projecting that natural gas production growth will be relatively flat from year-end 2016 to year-end 2017 . Chesapeake Energy-narrowing range of 2017 projected capital as it gains confidence in market conditions supporting return to projected production growth in H2.  Full Article

More From Around the Web

BRIEF-Chesapeake Energy Corp announces pricing of private placement of $750 mln of senior notes

* Chesapeake energy corporation announces pricing of private placement of $750,000,000 of senior notes