Achieved Grade "A" MiQ and EO100™ certification for responsible energy production in legacy Marcellus operations.
Entered into gas supply agreement with Golden Pass LNG facilities.
Positioning Haynesville assets for future growth while reducing activity in Eagle Ford position which the company now views as non-core to its future capital allocation strategy.
Retired approximately $670 million, or approximately 7.6 million common shares through July 31 $2 billion common stock and warrant repurchase program remains active.
Increased annual base dividend by 10% to $2.20 per share total quarterly dividend of $2.32 per common share.
Net income totaled $1,237 million, or $8.27 per diluted share adjusted net income (1) of $729 million, or $4.87 per diluted share.
Delivered adjusted EBITDAX (1) of $1,269 million and $494 million in adjusted free cash flow (1).
Net cash provided by operating activities of $909 million.
2, 2022 /PRNewswire/ - Chesapeake Energy Corporation (NASDAQ: CHK) today reported 2022 second quarter financial and operating results and announced the company is taking actions to solidify its strategic focus on its core Marcellus and Haynesville positions.
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