Chesapeake Energy Corp.

Chesapeake Energy Corp. (NYSE:CHK) today reported financial and operational results for the 2014 first quarter. Key information related to the first quarter and the company's full-year 2014 Outlook is as follows: 2014 first quarter adjusted net income per fully diluted share increases 97% to $0.59 from $0.30 in the 2013 first quarter Adjusted ebitda increases 34% year over year to $1.5 billion Average production of [...]

Chesapeake Energy Corp. (NYSE:CHK) today announced the early tender results for its previously announced cash tender offer (the “Tender Offer”) for any and all of its 9.50% Senior Notes due 2015 (the “Notes”). Chesapeake also announced today that it had completed an offering of $3.0 billion in principal amount of its senior notes, which was a condition to its obligation to accept for purchase and to pay for any Notes in [...]

Chesapeake Energy Corp. (NYSE:CHK) today announced that it has priced its previously announced public offering of $3.0 billion in aggregate principal amount of its senior notes at par. The notes will be issued in two separate series of notes: $1,500,000,000 in Floating Rate Senior Notes due 2019 that will bear interest at LIBOR plus 3.25%, reset quarterly, and $1,500,000,000 in 4.875% Senior Notes due 2022. Chesapeake [...]

Chesapeake Energy Corp. (NYSE:CHK) today announced the commencement of a tender offer (the “Tender Offer”) for any and all of its 9.50% Senior Notes due 2015 (the “Notes”). The Tender Offer is being made pursuant to an Offer to Purchase and a related Letter of Transmittal, each dated April 10, 2014, which set forth a more detailed description of the terms and conditions of the Tender Offer. Upon the terms and subject [...]

Chesapeake Energy Corp. (NYSE:CHK) today announced that it is commencing a public offering of $3.0 billion in aggregate principal amount of its senior notes, which the company expects will be issued in three separate series, one maturing in 2019, another maturing in 2022 and the last maturing in 2026. Chesapeake intends to use the net proceeds from the offering to repay its existing unsecured term loan, redeem its [...]

Chesapeake Energy Corp. (NYSE:CHK) has scheduled to release its 2014 first quarter operational update and financial results before market open on Wednesday, May 7, 2014. A conference call to discuss the results has been scheduled for the same day at 9:00 am EDT. The telephone number to access the conference call is 913-312-0823 or toll-free 877-627-6580. The passcode for the call is 5839213. We encourage those who would [...]

Chesapeake Energy announced today that Chesapeake Oilfield Operating, L.L.C. (COO), its wholly owned subsidiary, has filed a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission. COO currently conducts the operations of Chesapeake’s oilfield services division, Chesapeake Oilfield Services (COS). The Form 10 contains a preliminary information statement about the potential terms and conditions [...]

Chesapeake Energy today announced that its Board of Directors has declared a $0.0875 per share quarterly dividend that will be paid on April 30, 2014 to common shareholders of record on April 14, 2014. In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred stock issues, as stated below.

Chesapeake Energy announced today the execution of two agreements to sell midstream compression assets for total proceeds of approximately $520 million. Access Midstream Partners and Exterran Partners have agreed to purchase an aggregate of 437 compression units and related assets from Chesapeake subsidiary MidCon Compression, L.L.C. in two separate transactions which, subject to certain closing conditions, are expected [...]

Chesapeake Energy Corp. (NYSE: CHK) today reported financial and operational results for the 2013 full year and fourth quarter. Key information related to the 2013 full year is as follows: Adjusted net income per fully diluted share increases to $1.50 in the 2013 full year from $0.61 in the 2012 full year Adjusted ebitda increases 34% year over year to $5.016 billion Average daily production rises 3% year over year [...]