Yahoo Finance Chesapeake Energy to Release 1Q16 Earnings on May 5
Could Chesapeake Energy Reveal a 1Q16 Surprise on May 5?
Chesapeake’s 1Q16 revenue estimate
Chesapeake Energy (CHK) is expected to release its fourth quarter earnings on May 5, 2016, before markets open. The company’s 1Q16 revenue estimates stand at ~$1.9 billion. Its revenue in 1Q15 was ~$2.7 billion.
CHK’s 4Q15 revenue was ~$2.6 billion, in line with consensus Wall Street estimates. But its 4Q15 revenue was ~49% lower than its 4Q14 revenue of ~$5.2 billion.
As we can see in the above graph, Chesapeake’s 1Q16 revenue estimates are lower than its revenue estimates for the previous four quarters. However, its revenues were mostly in line with or above estimates in three of the past four fiscal quarters. So investors will be watching to see which of these trends play out in 1Q16.
Chesapeake’s 1Q16 earnings estimates
CHK’s 1Q16 EPS (earnings per share) estimate is about -$0.09. Its 1Q15 adjusted EPS was $0.16, which was in line with consensus Wall Street estimates. CHK’s 4Q14 EPS was ~$0.11.
Chesapeake’s peers such as WPX Energy (WPX), Gulfport Energy (GPOR), and QEP Resources (QEP), are expected to report EPS of -$0.23), -$0.11, and -$0.56, respectively, for the same period. These companies together make up ~2.6% of the iShares US Oil & Gas Exploration & Production ETF (IEO).
Chesapeake Energy’s 2015 earnings and revenue
For 2015, CHK reported adjusted EPS of -$0.20. Its comparable EPS in 2014 came in at $1.5. Chesapeake Energy’s lower earnings can be blamed on natural gas prices, which fell to 16-year lows in 4Q15. CHK’s 2015 revenue came in at ~$12.7 billion. Its comparable revenue in 2014 was ~$20.5 billion.
Now let’s take a look at CHK’s production guidance.
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