Chesapeake Energy (NASDAQ:CHK) Full Year 2022 Results
Key Financial Results
Revenue: US$11.7b (up 61% from FY 2021).
Net income: US$4.94b (down 22% from FY 2021).
Profit margin: 42% (down from 87% in FY 2021). The decrease in margin was driven by higher expenses.
EPS: US$40.68 (down from US$69.01 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Chesapeake Energy Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 172%.
Looking ahead, revenue is expected to fall by 30% p.a. on average during the next 3 years compared to a 5.8% decline forecast for the Oil and Gas industry in the US.
The company's shares are down 5.0% from a week ago.
You should always think about risks. Case in point, we've spotted 5 warning signs for Chesapeake Energy you should be aware of, and 2 of them are potentially serious.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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