CHESAPEAKE ENERGY CORP
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 2024
EXE$85.96+1.6%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
| Three Months Ended March 31, | ||
|---|---|---|
| ($ in millions, except per share data) | 2024 | 2023 |
| Revenues and other: | ||
| Natural gas, oil and NGL | $589 | $1,453 |
| Marketing | 312 | 652 |
| Natural gas and oil derivatives | 172 | 930 |
| Gains on sales of assets | 8 | 335 |
| Total revenues and other | 1,081 | 3,370 |
| Operating expenses: | ||
| Production | 59 | 131 |
| Gathering, processing and transportation | 173 | 264 |
| Severance and ad valorem taxes | 29 | 69 |
| Exploration | 2 | 7 |
| Marketing | 323 | 651 |
| General and administrative | 47 | 35 |
| Depreciation, depletion and amortization | 399 | 390 |
| Other operating expense, net | 17 | 3 |
| Total operating expenses | 1,049 | 1,550 |
| Income from operations | 32 | 1,820 |
| Other income (expense): | ||
| Interest expense | (19) | (37) |
| Other income | 20 | 10 |
| Total other income (expense) | 1 | (27) |
| Income before income taxes | 33 | 1,793 |
| Income tax expense | 7 | 404 |
| Net income | $26 | $1,389 |
| Earnings per common share: | ||
| Basic | $0.20 | $10.31 |
| Diluted | $0.18 | $9.60 |
| Weighted average common shares outstanding (in thousands): | ||
| Basic | 130,893 | 134,742 |
| Diluted | 141,752 | 144,731 |
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