Chesapeake Energy earnings beat as oil prices rebound By Reuters

November 2, 2021 admin Stock News 0

© Reuters. FILE PHOTO: Chesapeake Energy Corporation’s 50 acre campus is seen in Oklahoma City, Oklahoma, on April 17, 2012. REUTERS/Steve Sisney

(Reuters) – Chesapeake Energy Corp (NYSE:) on Tuesday reported adjusted net income of $269 million, or $2.38 per share, topping analysts expectations as the oil market recovers and prices hit multi-year highs.

The company also increased its forecasts for 2021 adjusted EBITDAX and total production, while holding its capital spending steady. The company increased its preliminary 2022 EBITDAX guidance significantly.

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