NYSE$EXE
Expand Energy Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported 2022 second quarter results and announced strategic focus on core Marcellus and Haynesville positions.
Chesapeake Energy Corporation reported strong second-quarter results, highlighted by net income of $1,237 million and adjusted EBITDAX of $1,269 million. The company is solidifying its strategic focus on its core Marcellus and Haynesville positions and increasing its capital allocation to the Haynesville.
- Net cash provided by operating activities was $909 million.
- Adjusted EBITDAX was $1,269 million, with adjusted free cash flow of $494 million.
- Net income totaled $1,237 million, or $8.27 per diluted share; adjusted net income of $729 million, or $4.87 per diluted share.
- Increased annual base dividend by 10% to $2.20 per share; total quarterly dividend of $2.32 per common share.
Headline financials
Revenue & EPS history
Chesapeake · Revenue · Quarterly
$3.52B
Revenue by segment
Chesapeake · $398M total across 1 segment · Q4 2019
- Natural Gas, Oil and NGL$398M—100.0%
Forward guidance
Chesapeake is reallocating capital to the Haynesville and increasing its capital investment program by 15% to $1.75–$1.95 billion. The company expects to drill 60 to 70 wells and place 40 to 50 wells on production in the third quarter of 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+0.3%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+4.9%
Avg return
30 days after
52%
11 / 21 earnings
Positive
+7.9%
Q1 2022
Best reaction
-6.8%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.9% | +3.9% | -4.1% | |
| Q4 2025 | -2.4% | +0.4% | +4.4% | |
| Q3 2025 | -6.1% | +9.0% | +20.7% | |
| Q1 2025 | -3.3% | +0.8% | +8.1% | |
| Q4 2024 | -4.6% | -1.7% | +8.3% | |
| Q3 2024 | +3.9% | -1.9% | +15.8% | |
| Q2 2024 | -2.0% | -6.9% | -7.5% | |
| Q1 2024 | -6.8% | -6.8% | -3.3% | |
| Q4 2023 | +6.5% | +4.1% | +9.6% | |
| Q3 2023 | +1.5% | +4.4% | -6.2% | |
| Q2 2023 | -2.2% | +1.2% | +4.6% | |
| Q1 2023 | -6.3% | -4.4% | -7.4% | |
| Q4 2022 | -0.5% | +6.6% | -8.7% | |
| Q3 2022 | +1.5% | -1.4% | -0.1% | |
| Q2 2022 | +1.2% | +1.7% | +8.4% | |
| Q1 2022 | +7.9% | -4.4% | +11.5% | |
| Q4 2021 | +6.9% | +16.4% | +34.6% | |
| Q3 2021 | +2.7% | +0.0% | -7.5% | |
| Q2 2021 | +5.3% | +5.0% | +12.0% | |
| Q1 2021 | -0.2% | -1.4% | +12.1% | |
| Q4 2020 | +2.5% | +1.9% | -1.8% | |
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