Chesapeake posts quarterly profit, oil o

May 02 [Thu], 2013, 0:22
(Reuters) - Chesapeake Energy Corpreported quarterly profit that exceeded Wall Street expectations on Wednesday, helped by a 56 percent increase in crude oil output and higher oil and natural gas prices.

Chesapeake, which reported that long-term debt increased to $13.4 billion and faces a funding gap this year, said its plans to curb spending and sell assets to raise cash are on target.

Shares of Chesapeake rose nearly 5 percent in premarket trading.

First-quarter profit was $15 million, or 2 cents per share, compared with a net loss of $71 million, or 11 cents per share, in the same period a year earlier.

Excluding one-time items, Chesapeake had a per-share profit of 30 cents per share. Analysts, on average, expected a profit of 25 cents, according to Thomson Reuters I/B/E/S.

Phil Weiss, energy company analyst at Argus in New York, said the company's oil production, which is more profitable than natural gas production, was higher than he forecast.

"In general, it looks like they are making progress," said Weiss. "They lowered their cost guidance on a couple of items so that's a good thing."

The Oklahoma City, Oklahoma, company, which is searching for a chief executive to replace Aubrey McClendon, said its average daily production grew 9 percent to 4 billion cubic feet of natural gas equivalent per day.

Oil production rose 56 percent to 103,000 barrels per day.

Production expenses fell 18 percent from a year earlier, while natural gas prices rose to $4.46 per thousand cubic feet equivalent (mcfe) from $4.02, and crude prices rose to $94.85 per barrel from $92.63.

Shares jumped to $20.45 in premarket trading from the New York Stock Exchange close of $19.54.

(Reporting by Anna Driver; Editing by Gerald E. McCormick and Jeffrey Benkoe)



http://friendfeed.com/qbsoaa/e5d3cea6/your-sorrow-is-my-hope-and-strength-in-times-of
http://carolesqpe.skyrock.com/3158012328-Download-The-2009-2014-World-Outlook-for-Consumer-Riding-Garden.html
http://vickeyod.orbs.com/the+unreals+e-book
http://harryedr.jimdo.com/2013/04/25/collection-book/
http://thurmanmeqr.skyrock.com/3158012406-Dissecting-the-Hack-The-F0rb1dd3n-Network-Revised-Edition-downloads.html
http://kishadnkn.orbs.com/trouble+brewing+read+online
http://garypnpc.orbs.com/downloads+many+faces+of+george+washi
http://friendfeed.com/scnodlp/03332baf/pictorial-history-of-university-georgia-read
http://shenitatooce.webs.com/apps/blog/show/25918438
http://annebruz.guildomatic.com/news/new
http://leslieirv.guildomatic.com/news/show/1483087
http://friendfeed.com/rvzoa/fe24e0cb/download-games-rednecks-play
http://tracyauai.soup.io/post/309931163/Advertisement-Lay-Out-And-Copy-Writing-book
http://gretabltltr.webs.com/apps/blog/show/25918439
http://friendfeed.com/qbsoaa/8de9c6bd/download-big-clean-how-to-organize-your-pad-and
http://teddyvibp.skyrock.com/3158012448-Codes-and-curves-read-online.html
  • URL:http://yaplog.jp/yokopa/archive/11
Comment
小文字 太字 斜体 下線 取り消し線 左寄せ 中央揃え 右寄せ テキストカラー 絵文字 プレビューON/OFF

不正な自動コメント投稿を防ぐため、チェックボックスにチェックをしてください。

利用規約に同意
 X 
禁止事項とご注意
※本名・メールアドレス・住所・電話番号など、個人が特定できる情報の入力は行わないでください。
「ヤプログ!利用規約 第9条 禁止事項」に該当するコメントは禁止します。
「ヤプログ!利用規約」に同意の上、コメントを送信してください。
P R
カテゴリアーカイブ
月別アーカイブ
http://yaplog.jp/yokopa/index1_0.rdf