CHESAPEAKE ENERGY CORP
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
EXE$85.96+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Successor · Predecessor | ||||
|---|---|---|---|---|
| ($ in millions except per share data) | Year Ended December 31, 2023 | Year Ended December 31, 2022 | Period from February 10, 2021 through December 31, 2021 | Period from January 1, 2021 through February 9, 2021 |
| Revenues and other: | ||||
| Natural gas, oil and NGL | $3,547 | $9,892 | $4,401 | $398 |
| Marketing | 2,500 | 4,231 | 2,263 | 239 |
| Natural gas and oil derivatives | 1,728 | (2,680) | (1,127) | (382) |
| Gains on sales of assets | 946 | 300 | 12 | 5 |
| Total revenues and other | 8,721 | 11,743 | 5,549 | 260 |
| Operating expenses: | ||||
| Production | 356 | 475 | 297 | 32 |
| Gathering, processing and transportation | 853 | 1,059 | 780 | 102 |
| Severance and ad valorem taxes | 167 | 242 | 158 | 18 |
| Exploration | 27 | 23 | 7 | 2 |
| Marketing | 2,499 | 4,215 | 2,257 | 237 |
| General and administrative | 127 | 142 | 97 | 21 |
| Separation and other termination costs | 5 | 5 | 11 | 22 |
| Depreciation, depletion and amortization | 1,527 | 1,753 | 919 | 72 |
| Impairments | — | — | 1 | — |
| Other operating expense (income), net | 18 | 49 | 84 | (12) |
| Total operating expenses | 5,579 | 7,963 | 4,611 | 494 |
| Income (loss) from operations | 3,142 | 3,780 | 938 | (234) |
| Other income (expense): | ||||
| Interest expense | (104) | (160) | (73) | (11) |
| Losses on purchases, exchanges or extinguishments of debt | — | (5) | — | — |
| Other income | 79 | 36 | 31 | 2 |
| Reorganization items, net | — | — | — | 5,569 |
| Total other income (expense) | (25) | (129) | (42) | 5,560 |
| Income before income taxes | 3,117 | 3,651 | 896 | 5,326 |
| Income tax expense (benefit) | 698 | (1,285) | (49) | (57) |
| Net income | 2,419 | 4,936 | 945 | 5,383 |
| Deemed dividend on warrants | — | (67) | — | — |
| Net income available to common stockholders | $2,419 | $4,869 | $945 | $5,383 |
| Earnings per common share: | ||||
| Basic | $18.21 | $38.71 | $9.29 | $550.35 |
| Diluted | $16.92 | $33.36 | $8.12 | $534.51 |
| Weighted average common shares outstanding (in thousands): | ||||
| Basic | 132,840 | 125,785 | 101,754 | 9,781 |
| Diluted | 142,976 | 145,961 | 116,341 | 10,071 |
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