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Chesapeake Energy earnings beat as oil prices rebound -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: A 50-acre Chesapeake Energy Corporation campus in Oklahoma City is seen by Steve Sisney on April 17, 2012. REUTERS/Steve Sisney

(Reuters] – Chesapeake Energy Corp, (NYSE:), reported on Tuesday adjusted net income at $269 million or $2.38 each share. It beat analysts’ expectations, as the oil markets recovers and price rises to multi-year records.

The company increased its 2021 EBITDAX adjusted forecasts and its total production while maintaining its capital spending. The preliminary guidance on 2022 EBITDAX was significantly raised by the company.

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