Welcome to our dedicated page for Chesapeake Energy Corporation news (Ticker: $CHK), a resource for investors and traders seeking the latest updates and insights on Chesapeake Energy Corporation stock.
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Chesapeake Energy reported first quarter 2024 financial results with net income of $26 million, adjusted net income of $80 million, and adjusted EBITDAX of $508 million. The company reaffirmed credit facility borrowing base, increased aggregate commitments to $2.5 billion, and delivered $112 million in adjusted free cash flow. Chesapeake plans to pay a dividend of $0.715 per common share in June 2024. The company continues to focus on capital discipline and the pending merger with Southwestern. Operations update includes net production of 3.20 bcfe per day and plans to defer completions to build productive capacity. Financially, the company's borrowing base was reaffirmed and aggregate commitments were increased by $500 million. Chesapeake's ESG efforts are focused on emission reductions and the company's path to achieve net zero GHG emissions by 2035.
