NYSE$EXE
Expand Energy Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported strong results driven by operational efficiency and strategic financial management.
Chesapeake Energy Corporation reported a net income of $70 million, or $0.49 per diluted share, and an adjusted net income of $155 million, or $1.09 per share, for the third quarter of 2023. The company delivered a total net production of 3,495 mmcfe per day and adjusted EBITDAX of $580 million. They returned over $200 million to shareholders through dividends and share buybacks.
- Net income was $70 million, or $0.49 per diluted share; adjusted net income was $155 million, or $1.09 per share.
- Total net production reached 3,495 mmcfe per day with adjusted EBITDAX of $580 million.
- Over $200 million was returned to shareholders through dividends and share buybacks.
- The company entered into a new heads of agreement with Vitol to supply natural gas for LNG production.
Headline financials
Revenue & EPS history
Chesapeake · Revenue · Quarterly
$1.51B
Revenue by segment
Chesapeake · $398M total across 1 segment · Q4 2019
- Natural Gas, Oil and NGL$398M—100.0%
Forward guidance
Chesapeake Energy expects to drill 35-45 wells and place 50-60 wells on production in the fourth quarter of 2023, remaining flexible based on market conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2023
+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 |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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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