Chesapeake Energy (CHKEL) Financials

$87.74 -3.51 (-3.85%)

As of 08/4/2025

Annual Income Statements for Chesapeake Energy

This table shows Chesapeake Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2022	2023	2024
Period end date	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	474	1,273	-14,738	-4,915	-631	133	-416	-9,756	4,869	2,419	-714
Consolidated Net Income / (Loss)	894	2,056	-14,635	-4,399	-502	228	-308	-9,750	4,936	2,419	-714
Net Income / (Loss) Continuing Operations	894	2,056	-14,635	-4,399	-502	-36	-308	-9,750	4,936	2,419	-714
Total Pre-Tax Income	1,442	3,200	-19,098	-4,589	-500	218	-639	-9,769	3,651	3,117	-841
Total Operating Income	2,069	3,477	-18,919	-4,411	-138	382	-31	-8,703	3,780	3,142	-803
Total Gross Profit	5,921	6,844	2,469	455	3,218	2,838	2,843	1,896	5,994	5,013	1,574
Total Revenue	19,080	23,125	12,764	7,872	10,039	10,030	8,532	5,240	11,743	8,721	4,235
Operating Revenue	19,080	23,125	12,764	7,872	10,039	10,030	8,532	5,240	11,743	8,721	4,235
Total Cost of Revenue	13,159	16,281	10,295	7,417	6,821	7,192	5,689	3,344	5,749	3,708	2,661
Operating Cost of Revenue	12,930	16,049	10,295	7,343	6,821	7,192	5,689	3,344	5,749	3,708	2,661
Total Operating Expenses	3,852	3,367	21,388	4,866	3,356	2,720	2,874	10,599	2,214	1,871	2,377
Selling, General & Admin Expense	457	322	235	240	333	335	315	267	142	127	186
Marketing Expense	-	-	99	-	134	189	224	149	242	167	97
Exploration Expense	-	-	-	-	-	-	-	427	23	27	10
Depreciation Expense	314	232	130	1,107	1,697	1,737	2,264	1,097	1,753	1,527	1,729
Other Operating Expenses / (Income)	-	-	353	365	416	0.00	48	80	49	18	332
Restructuring Charge	248	7.00	36	6.00	0.00	38	12	44	5.00	5.00	23
Total Other Income / (Expense), net	-627	-277	-179	-178	-362	-164	-608	-1,066	-129	-25	-38
Interest Expense	420	286	38	60	368	370	576	266	165	104	124
Other Income / (Expense), net	26	22	8.00	19	6.00	67	-32	-800	36	79	86
Income Tax Expense	548	1,144	-4,463	-190	2.00	-10	-331	-19	-1,285	698	-127
Preferred Stock Dividends Declared	240	618	171	525	126	92	108	22	67	-	0.00
Basic Earnings per Share	$0.73	$1.93	($22.26)	($6.43)	($0.70)	$29.26	($49.97)	($998.26)	$38.71	$18.21	($4.55)
Weighted Average Basic Shares Outstanding	653M	659M	662M	764M	906M	4.55M	8.33M	9.77M	125.79M	132.84M	156.99M
Diluted Earnings per Share	$0.73	$1.87	($22.26)	($6.43)	($0.70)	$29.26	($49.97)	($998.26)	$33.36	$16.92	($4.55)
Weighted Average Diluted Shares Outstanding	653M	772M	662M	764M	906M	4.55M	8.33M	9.77M	145.96M	142.98M	156.99M
Weighted Average Basic & Diluted Shares Outstanding	666.21M	659.60M	662.30M	762M	903.30M	1.63B	1.95B	97.91M	134.72M	130.79M	232.70M

This table shows Chesapeake Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	3,513	1,389	391	70	569	26	-227	-114	-399	-249	968
Consolidated Net Income / (Loss)	3,580	1,389	391	70	569	26	-227	-114	-399	-249	968
Net Income / (Loss) Continuing Operations	3,580	1,389	391	70	569	26	-227	-114	-399	-249	968
Total Pre-Tax Income	2,190	1,793	518	71	735	33	-295	-158	-421	-319	1,228
Total Operating Income	2,228	1,820	517	79	726	32	-294	-155	-386	-268	1,269
Total Gross Profit	2,807	2,324	944	524	1,221	497	143	254	633	519	2,136
Total Revenue	4,126	3,370	1,891	1,512	1,948	1,081	505	648	2,001	2,196	3,690
Operating Revenue	4,126	3,370	1,891	1,512	1,948	909	516	648	2,001	3,210	2,813
Other Revenue	-	-	-	-	-	172	-11	-	-	-1,014	877
Total Cost of Revenue	1,319	1,046	947	988	727	584	362	394	1,368	1,677	1,554
Operating Cost of Revenue	1,319	1,046	907	988	767	555	344	394	1,368	1,629	1,505
Other Cost of Revenue	-	-	40	-	-	29	18	-	-	48	49
Total Operating Expenses	579	504	427	445	495	465	437	409	1,019	787	867
Selling, General & Admin Expense	40	35	31	29	32	47	47	39	53	47	40
Exploration Expense	9.00	7.00	8.00	4.00	8.00	2.00	3.00	2.00	3.00	7.00	20
Depreciation Expense	453	390	376	382	379	399	348	335	647	711	769
Other Operating Expenses / (Income)	17	3.00	9.00	3.00	3.00	17	16	22	277	22	38
Restructuring Charge	-	-	3.00	0.00	-	-	23	0.00	-	-	0.00
Total Other Income / (Expense), net	-38	-27	1.00	-8.00	9.00	1.00	-1.00	-3.00	-35	-51	-41
Interest Expense	45	37	22	23	22	19	22	20	63	59	57
Other Income / (Expense), net	7.00	10	23	15	31	20	21	17	28	8.00	16
Income Tax Expense	-1,390	404	127	1.00	166	7.00	-68	-44	-22	-70	260
Basic Earnings per Share	$27.99	$10.31	$2.93	$0.53	$4.44	$0.20	($1.73)	($0.85)	($2.17)	($1.06)	$4.07
Weighted Average Basic Shares Outstanding	125.79M	134.74M	133.51M	132.15M	132.84M	130.89M	131.17M	133.79M	156.99M	234.43M	237.97M
Diluted Earnings per Share	$25.29	$9.60	$2.73	$0.49	$4.10	$0.18	($1.73)	($0.85)	($2.15)	($1.06)	$4.02
Weighted Average Diluted Shares Outstanding	145.96M	144.73M	143.27M	142.35M	142.98M	141.75M	131.17M	133.79M	156.99M	234.43M	240.56M
Weighted Average Basic & Diluted Shares Outstanding	134.72M	133.87M	132.36M	131.07M	130.79M	131.05M	131.28M	231.03M	232.70M	237.98M	238.15M

This table details how cash moves in and out of Chesapeake Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2022	2023	2024
Period end date	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	550	3,271	-3,283	57	-877	-1.00	2.00	273	-722	961	-758
Net Cash From Operating Activities	4,614	4,634	1,234	-204	475	1,730	1,623	1,164	4,125	2,380	1,565
Net Cash From Continuing Operating Activities	4,614	4,634	1,234	-204	475	1,730	1,623	1,164	4,125	2,380	1,565
Net Income / (Loss) Continuing Operations	894	2,056	-14,635	-4,399	-502	228	-308	-9,750	4,936	2,419	-714
Consolidated Net Income / (Loss)	894	2,056	-14,635	-4,399	-502	228	-308	-9,750	4,936	2,419	-714
Depreciation Expense	2,903	2,915	2,229	1,107	1,697	1,737	2,264	1,097	1,753	1,527	1,729
Amortization Expense	0.00	0.00	18,238	-	-	-	-	-	0.00	0.00	-57
Non-Cash Adjustments To Reconcile Net Income	677	-922	863	4,020	-193	-316	226	8,912	-1,109	-2,269	1,045
Changes in Operating Assets and Liabilities, net	140	585	-5,461	-932	-527	81	-559	905	-1,455	703	-438
Net Cash From Investing Activities	-2,967	454	-3,451	-660	-918	455	-2,480	-992	-3,401	473	-1,904
Net Cash From Continuing Investing Activities	-2,967	454	-3,451	-660	-918	455	-2,480	-992	-3,401	473	-1,904
Purchase of Property, Plant & Equipment	-6,576	-5,307	-3,238	-1,332	-2,134	-1,869	-2,263	-1,142	-1,823	-1,829	-1,557
Acquisitions	-1,032	-1,311	-533	-788	-88	-128	-353	0.00	-1,967	0.00	-459
Purchase of Investments	-44	0.00	-	-	-	-	-	0.00	-18	-231	-75
Sale of Property, Plant & Equipment	922	1,003	89	131	55	147	-	150	407	2,533	21
Other Investing Activities, net	181	17	43	-77	-	-	-	-	0.00	0.00	166
Net Cash From Financing Activities	-1,097	-1,817	-1,066	921	-434	-2,186	859	101	-1,446	-1,892	-419
Net Cash From Continuing Financing Activities	-1,097	-1,817	-1,066	921	-434	-2,186	859	101	-1,446	-1,892	-419
Repayment of Debt	-10,124	-11,184	-549	-7,901	-9,599	-15,027	-11,289	-3,593	-8,771	-1,050	-781
Repurchase of Common Equity	-212	-1,254	-143	-	-	-	-	0.00	-1,073	-355	0.00
Payment of Dividends	-619	-578	-374	-10	-191	-92	-91	-22	-1,212	-487	-388
Issuance of Debt	9,943	11,260	0.00	8,832	9,356	12,933	12,239	3,716	9,583	0.00	747
Other Financing Activities, net	-91	-61	-	-	-	-	0.00	0.00	27	0.00	3.00

This table details how cash moves in and out of Chesapeake Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	62	5.00	778	-189	367	101	-159	25	-725	32	379
Net Cash From Operating Activities	1,050	889	515	506	470	552	209	422	382	1,096	1,322
Net Cash From Continuing Operating Activities	1,050	889	515	506	470	552	209	422	382	1,096	1,322
Net Income / (Loss) Continuing Operations	3,580	1,389	391	70	569	26	-227	-114	-399	-249	968
Consolidated Net Income / (Loss)	3,580	1,389	391	70	569	26	-227	-114	-399	-249	968
Depreciation Expense	453	390	376	382	379	399	348	335	647	711	769
Amortization Expense	-	-	-	-	-	0.00	-	-	-	-52	-72
Non-Cash Adjustments To Reconcile Net Income	-1,679	-1,531	-369	125	-494	44	287	160	554	974	-835
Changes in Operating Assets and Liabilities, net	-1,304	641	117	-71	16	83	-199	41	-363	-288	492
Net Cash From Investing Activities	-544	395	453	-480	105	-374	-266	-319	-945	-507	-591
Net Cash From Continuing Investing Activities	-544	395	453	-480	105	-374	-266	-319	-945	-507	-591
Purchase of Property, Plant & Equipment	-524	-497	-530	-423	-379	-421	-302	-298	-536	-563	-657
Purchase of Investments	-18	-39	-49	-61	-82	-19	-26	-26	-4.00	-4.00	-5.00
Sale of Property, Plant & Equipment	-2.00	931	1,032	4.00	566	6.00	6.00	5.00	4.00	0.00	15
Other Investing Activities, net	-	0.00	-	-	-	60	56	-	50	60	56
Net Cash From Financing Activities	-444	-1,279	-190	-215	-208	-77	-102	-78	-162	-557	-352
Net Cash From Continuing Financing Activities	-444	-1,279	-190	-215	-208	-77	-102	-78	-162	-557	-352
Repayment of Debt	-1,966	-2,050	-125	-	1,125	0.00	-4.00	-	-777	-1,161	-217
Payment of Dividends	-424	-175	-160	-77	-75	-77	-99	-78	-134	-142	-137
Issuance of Debt	2,328	1,000	125	-	-1,125	0.00	-	-	747	725	100
Other Financing Activities, net	24	-	-	-6.00	-91	0.00	-	-	2.00	21	1.00

This table presents Chesapeake Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	40,751	17,314	13,028	12,425	12,735	16,193	6,584	11,009	15,468	14,376	27,894
Total Current Assets	7,468	2,480	2,142	1,525	1,598	1,251	1,108	2,103	2,698	2,609	1,997
Cash & Equivalents	4,108	825	882	5.00	4.00	6.00	279	905	130	1,079	317
Restricted Cash	38	-	-	-	-	-	0.00	9.00	62	74	78
Accounts Receivable	2,236	1,129	1,057	1,322	1,247	990	746	1,115	1,438	593	1,226
Other Current Assets	1,086	526	203	198	347	255	83	74	249	863	376
Plant, Property, & Equipment, net	32,515	14,298	10,609	10,680	10,818	14,756	5,242	8,802	11,187	10,097	24,282
Plant, Property & Equipment, gross	71,558	73,663	73,335	74,344	28,704	34,758	29,048	9,710	13,618	13,771	29,644
Accumulated Depreciation	39,043	59,365	62,726	63,664	17,886	20,002	23,806	908	2,431	3,674	5,362
Total Noncurrent Assets	768	536	277	220	319	186	234	104	1,583	1,670	1,615
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	0.00	1,351	933	589
Other Noncurrent Operating Assets	503	536	277	220	319	186	234	104	232	737	1,026
Total Liabilities & Shareholders' Equity	40,751	17,314	13,028	12,425	12,735	16,193	6,584	11,009	15,468	14,376	27,894
Total Liabilities	22,546	14,917	14,231	12,797	10,602	11,792	11,925	5,338	6,344	3,647	10,329
Total Current Liabilities	5,656	3,685	3,648	2,356	2,887	2,392	3,094	2,447	2,704	1,314	3,123
Short-Term Debt	381	381	503	52	381	385	1,929	-	-	0.00	389
Accounts Payable	2,049	944	672	654	763	498	346	308	603	425	777
Other Current Liabilities	3,076	2,259	2,360	1,513	1,602	1,434	816	2,101	2,059	850	1,857
Other Current Nonoperating Liabilities	150	101	113	137	141	75	3.00	38	42	39	100
Total Noncurrent Liabilities	16,890	11,232	10,583	10,441	7,715	9,400	8,831	2,891	3,640	2,333	7,206
Long-Term Debt	11,154	10,311	9,938	9,921	7,341	9,073	0.00	2,278	3,093	2,028	5,291
Asset Retirement Reserve & Litigation Obligation	447	452	247	162	155	200	139	349	323	265	499
Other Noncurrent Operating Liabilities	897	469	398	358	219	127	8,692	264	224	40	1,416
Commitments & Contingencies	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	18,205	2,397	-1,203	-372	2,133	4,401	-5,341	5,671	9,124	10,729	17,565
Total Preferred & Common Equity	16,903	2,138	-1,331	-496	2,092	4,364	-5,341	5,671	9,124	10,729	17,565
Total Common Equity	13,841	-924	-3,102	-2,167	421	2,733	-6,972	5,671	9,124	10,729	17,565
Common Stock	12,538	12,410	14,495	14,446	14,387	16,973	16,937	4,846	5,725	5,755	13,689
Retained Earnings	1,483	-13,202	-17,474	-16,525	-13,912	-14,220	-23,954	825	3,399	4,974	3,876

This table presents Chesapeake Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025
Total Assets	14,089	14,591	14,429	14,248	14,018	13,608	13,392	27,934	27,768
Total Current Assets	2,059	2,629	2,220	2,515	2,378	2,013	1,797	2,113	2,272
Cash & Equivalents	74	130	903	713	1,179	1,019	1,044	349	731
Restricted Cash	56	67	72	73	75	76	76	78	75
Accounts Receivable	1,757	864	671	685	314	350	261	1,361	1,074
Other Current Assets	172	706	574	524	810	568	416	325	392
Plant, Property, & Equipment, net	11,954	10,523	10,653	10,106	10,057	10,004	9,954	24,260	24,172
Plant, Property & Equipment, gross	14,136	13,293	13,702	13,405	14,125	14,417	14,697	30,326	30,997
Accumulated Depreciation	2,182	2,770	3,049	3,299	4,068	4,413	4,743	6,066	6,825
Total Noncurrent Assets	76	1,439	1,556	1,627	1,583	1,591	1,641	1,561	1,324
Noncurrent Deferred & Refundable Income Taxes	-	973	952	1,032	926	995	1,038	626	457
Other Noncurrent Operating Assets	76	466	604	595	657	596	603	935	867
Total Liabilities & Shareholders' Equity	14,089	14,591	14,429	14,248	14,018	13,608	13,392	27,934	27,768
Total Liabilities	7,742	4,308	4,033	3,980	3,336	3,238	3,204	10,743	9,831
Total Current Liabilities	4,238	1,898	1,651	1,614	1,020	931	899	3,589	2,924
Short-Term Debt	-	-	-	-	-	-	-	0.00	0.00
Accounts Payable	539	631	642	540	317	274	264	654	747
Other Current Liabilities	3,659	1,227	970	1,033	662	618	594	2,867	2,070
Other Current Nonoperating Liabilities	40	40	39	41	41	39	41	68	107
Total Noncurrent Liabilities	3,504	2,410	2,382	2,366	2,316	2,307	2,305	7,154	6,907
Long-Term Debt	2,717	2,040	2,036	2,032	2,025	2,021	2,017	5,243	5,122
Asset Retirement Reserve & Litigation Obligation	350	279	277	273	269	264	271	506	513
Other Noncurrent Operating Liabilities	437	91	69	61	22	22	17	1,405	1,272
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	6,347	10,283	10,396	10,268	10,682	10,370	10,188	17,191	17,937
Total Preferred & Common Equity	6,347	10,283	10,396	10,268	10,682	10,370	10,188	17,191	17,937
Total Common Equity	6,347	10,283	10,396	10,268	10,682	10,370	10,188	17,191	17,937
Common Stock	5,628	5,730	5,727	5,736	5,759	5,769	5,779	13,702	13,718
Retained Earnings	719	4,553	4,669	4,532	4,923	4,601	4,409	3,489	4,219

This table displays calculated financial ratios and metrics derived from Chesapeake Energy's official financial filings.

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2022	2023	2024
Period end date	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	54.92%	21.20%	-44.80%	-38.33%	27.53%	-0.09%	-14.94%	-38.58%	0.00%	-25.73%	-51.44%
EBITDA Growth	344.27%	28.33%	-75.74%	-311.12%	147.64%	39.68%	0.69%	-481.92%	0.00%	-14.74%	-79.89%
EBIT Growth	224.26%	67.02%	-640.47%	76.78%	96.99%	440.15%	-114.03%	-14,984.13%	0.00%	-15.59%	-122.26%
NOPAT Growth	208.17%	74.16%	-692.81%	76.68%	96.87%	513.58%	-105.43%	-27,974.19%	0.00%	-52.29%	-123.05%
Net Income Growth	250.51%	129.98%	-811.82%	69.94%	88.59%	145.42%	-235.09%	-3,065.58%	0.00%	-50.99%	-129.52%
EPS Growth	150.00%	156.16%	-1,290.37%	71.11%	89.11%	4,280.00%	-270.78%	-1,897.72%	0.00%	-49.28%	-126.89%
Operating Cash Flow Growth	62.64%	0.43%	-73.37%	-116.53%	332.84%	264.21%	-6.19%	-28.28%	0.00%	-42.30%	-34.24%
Free Cash Flow Firm Growth	127.14%	511.09%	-101.96%	725.14%	-268.33%	110.33%	-2,916.41%	391.18%	0.00%	0.00%	-680.85%
Invested Capital Growth	0.69%	-14.61%	-51.47%	-31.51%	14.93%	2.66%	39.39%	-126.48%	0.00%	3.51%	97.11%
Revenue Q/Q Growth	15.61%	5.04%	-26.39%	-7.39%	11.57%	-2.61%	-9.83%	57.36%	0.00%	-19.98%	1.27%
EBITDA Q/Q Growth	-9.16%	12.92%	112.54%	-738.01%	13.98%	46.03%	-17.53%	-7.53%	0.00%	-24.63%	-48.63%
EBIT Q/Q Growth	-19.45%	25.64%	-25.85%	37.41%	-129.27%	153.07%	-110.59%	-1.75%	0.00%	-31.45%	-280.15%
NOPAT Q/Q Growth	-19.30%	30.64%	-25.79%	37.30%	-107.12%	162.86%	-101.90%	3.86%	0.00%	-55.79%	-325.60%
Net Income Q/Q Growth	-31.76%	56.35%	-24.23%	29.55%	-280.58%	115.22%	-149.60%	-0.95%	0.00%	-55.45%	-381.10%
EPS Q/Q Growth	-50.34%	125.30%	-22.17%	28.40%	-400.00%	1,821.18%	-341.28%	0.00%	0.00%	-55.60%	-367.65%
Operating Cash Flow Q/Q Growth	3.80%	-4.12%	-34.50%	-189.08%	2,400.00%	8.33%	6.99%	-27.07%	0.00%	-19.59%	-5.32%
Free Cash Flow Firm Q/Q Growth	-79.06%	187.73%	-103.09%	74.77%	-249.51%	111.66%	-25.76%	3.41%	0.00%	0.00%	-7,604.40%
Invested Capital Q/Q Growth	0.94%	-12.08%	-13.33%	-4.62%	4.38%	0.98%	-1.82%	-11.96%	0.00%	5.51%	106.27%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.03%	29.60%	19.34%	5.78%	32.06%	28.30%	33.32%	36.18%	51.04%	57.48%	37.17%
EBITDA Margin	26.20%	27.74%	12.19%	-41.73%	15.59%	21.79%	25.80%	-160.42%	47.42%	54.44%	22.55%
Operating Margin	10.84%	15.04%	-148.22%	-56.03%	-1.37%	3.81%	-0.36%	-166.09%	32.19%	36.03%	-18.96%
EBIT Margin	10.98%	15.13%	-148.16%	-55.79%	-1.31%	4.48%	-0.74%	-181.36%	32.50%	36.93%	-16.93%
Profit (Net Income) Margin	4.69%	8.89%	-114.66%	-55.88%	-5.00%	2.27%	-3.61%	-186.07%	42.03%	27.74%	-16.86%
Tax Burden Percent	62.00%	64.25%	76.63%	95.86%	100.40%	104.59%	48.20%	99.81%	135.20%	77.61%	84.90%
Interest Burden Percent	68.83%	91.45%	100.99%	104.49%	378.79%	48.55%	1,014.29%	102.80%	95.68%	96.77%	117.29%
Effective Tax Rate	38.00%	35.75%	0.00%	0.00%	0.00%	-4.59%	0.00%	0.00%	-35.20%	22.39%	0.00%
Return on Invested Capital (ROIC)	4.31%	8.08%	-69.99%	-29.64%	-1.06%	4.05%	-0.18%	-118.99%	45.43%	21.30%	-3.25%
ROIC Less NNEP Spread (ROIC-NNEP)	1.00%	6.20%	-86.13%	-42.99%	-5.16%	2.14%	-3.47%	-184.42%	37.22%	20.03%	-8.07%
Return on Net Nonoperating Assets (RNNOA)	0.65%	3.24%	-72.08%	-707.21%	64.81%	21.84%	-9.25%	2,193.45%	8.67%	3.06%	-1.80%
Return on Equity (ROE)	4.96%	11.31%	-142.07%	-736.85%	63.75%	25.89%	-9.43%	2,074.47%	54.10%	24.37%	-5.05%
Cash Return on Invested Capital (CROIC)	3.63%	23.83%	-0.68%	7.76%	-14.95%	1.42%	-33.09%	0.00%	0.00%	17.85%	-68.62%
Operating Return on Assets (OROA)	5.02%	8.48%	-65.14%	-28.95%	-1.04%	3.57%	-0.44%	-83.44%	28.83%	21.59%	-3.39%
Return on Assets (ROA)	2.14%	4.98%	-50.41%	-29.00%	-3.94%	1.81%	-2.13%	-85.61%	37.29%	16.21%	-3.38%
Return on Common Equity (ROCE)	3.50%	8.33%	-89.08%	2,484.56%	213.26%	-25.67%	-4.55%	9,354.97%	54.10%	24.37%	-5.05%
Return on Equity Simple (ROE_SIMPLE)	5.59%	12.16%	-684.52%	330.50%	101.21%	10.90%	-7.06%	182.55%	54.10%	22.55%	-4.06%
Net Operating Profit after Tax (NOPAT)	1,283	2,234	-13,243	-3,088	-97	400	-22	-6,092	5,110	2,438	-562
NOPAT Margin	6.72%	9.66%	-103.76%	-39.22%	-0.96%	3.98%	-0.25%	-116.26%	43.52%	27.96%	-13.27%
Net Nonoperating Expense Percent (NNEP)	3.32%	1.88%	16.14%	13.35%	4.10%	1.91%	3.29%	65.44%	8.21%	1.28%	4.82%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	41.83%	19.11%	-2.42%
Cost of Revenue to Revenue	68.97%	70.40%	80.66%	94.22%	67.95%	71.70%	66.68%	63.82%	48.96%	42.52%	62.83%
SG&A Expenses to Revenue	2.40%	1.39%	1.84%	3.05%	3.32%	3.34%	3.69%	5.10%	1.21%	1.46%	4.39%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.19%	14.56%	167.57%	61.81%	33.43%	27.12%	33.69%	202.27%	18.85%	21.45%	56.13%
Earnings before Interest and Taxes (EBIT)	2,095	3,499	-18,911	-4,392	-132	449	-63	-9,503	3,816	3,221	-717
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,998	6,414	1,556	-3,285	1,565	2,186	2,201	-8,406	5,569	4,748	955
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.29	0.94	0.76
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.29	0.94	0.76
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.00	1.15	3.17
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.41	4.16	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.82%	3.01%	2.45%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	41.43%	24.02%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.30	0.94	0.81
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.25	1.26	4.41
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.63	2.31	19.58
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.84	3.40	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.87	4.49	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.55	4.60	11.95
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.36	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.71	0.63	4.46	-8.68	-26.81	3.62	2.15	-0.36	0.34	0.19	0.32
Long-Term Debt to Equity	0.71	0.61	4.30	-8.26	-26.67	3.44	2.06	0.00	0.34	0.19	0.30
Financial Leverage	0.65	0.52	0.84	16.45	-12.56	10.20	2.66	-11.89	0.23	0.15	0.22
Leverage Ratio	2.31	2.27	2.82	25.41	-16.16	14.29	4.43	-24.23	1.79	1.50	1.49
Compound Leverage Factor	1.59	2.08	2.85	26.55	-61.21	6.94	44.91	-24.91	1.71	1.45	1.75
Debt to Total Capital	41.53%	38.79%	81.69%	113.02%	103.87%	78.36%	68.24%	-56.54%	25.32%	15.90%	24.44%
Short-Term Debt to Total Capital	0.00%	1.28%	2.91%	5.44%	0.54%	3.87%	2.78%	-56.54%	0.00%	0.00%	1.67%
Long-Term Debt to Total Capital	41.53%	37.51%	78.78%	107.58%	103.33%	74.49%	65.47%	0.00%	25.32%	15.90%	22.76%
Preferred Equity to Total Capital	9.87%	10.30%	23.39%	19.17%	17.40%	16.96%	11.77%	-47.80%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	6.91%	4.38%	1.98%	1.39%	1.29%	0.42%	0.27%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	41.68%	46.54%	-7.06%	-33.58%	-22.57%	4.27%	19.72%	204.34%	74.68%	84.10%	75.56%
Debt to EBITDA	2.58	1.80	6.87	-3.18	6.37	3.53	4.30	-0.23	0.56	0.43	5.95
Net Debt to EBITDA	2.30	1.11	6.34	-2.91	6.37	3.53	4.29	-0.20	0.52	0.18	5.53
Long-Term Debt to EBITDA	2.58	1.74	6.63	-3.03	6.34	3.36	4.12	0.00	0.56	0.43	5.54
Debt to NOPAT	10.05	5.16	-0.81	-3.38	-103.24	19.33	-435.85	-0.32	0.61	0.83	-10.11
Net Debt to NOPAT	8.96	3.19	-0.75	-3.10	-103.19	19.32	-435.58	-0.27	0.57	0.36	-9.40
Long-Term Debt to NOPAT	10.05	4.99	-0.78	-3.22	-102.70	18.37	-418.11	0.00	0.61	0.83	-9.41
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.99	3.60	0.99
Noncontrolling Interest Sharing Ratio	29.40%	26.33%	37.30%	437.19%	-234.54%	199.15%	51.73%	-350.96%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.66	1.32	0.67	0.59	0.65	0.55	0.52	0.36	1.00	1.99	0.64
Quick Ratio	0.55	1.12	0.53	0.53	0.56	0.43	0.42	0.33	0.58	1.27	0.49
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,079	6,592	-129	808	-1,361	141	-3,958	11,524	0.00	2,043	-11,869
Operating Cash Flow to CapEx	81.61%	107.67%	39.19%	-16.99%	22.85%	100.46%	71.72%	117.34%	291.31%	0.00%	101.89%
Free Cash Flow to Firm to Interest Expense	2.57	23.05	-3.40	13.47	-3.70	0.38	-6.87	43.32	0.00	19.65	-95.72
Operating Cash Flow to Interest Expense	10.99	16.20	32.47	-3.40	1.29	4.68	2.82	4.38	25.00	22.88	12.62
Operating Cash Flow Less CapEx to Interest Expense	-2.48	1.15	-50.39	-23.42	-4.36	0.02	-1.11	0.65	16.42	29.65	0.23
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.46	0.56	0.44	0.52	0.79	0.80	0.59	0.46	0.89	0.58	0.20
Accounts Receivable Turnover	8.54	10.37	7.59	7.20	8.44	7.81	7.63	6.04	9.20	8.59	4.66
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.51	0.66	0.55	0.63	0.94	0.93	0.67	0.52	1.17	0.82	0.25
Accounts Payable Turnover	7.96	8.93	6.88	9.18	10.29	10.15	9.02	7.92	12.62	7.21	4.43
Days Sales Outstanding (DSO)	42.73	35.18	48.11	50.68	43.25	46.74	47.85	60.46	39.68	42.50	78.39
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	45.85	40.86	53.06	39.76	35.48	35.96	40.45	46.06	28.92	50.60	82.44
Cash Conversion Cycle (CCC)	-3.12	-5.68	-4.94	10.92	7.77	10.79	7.40	14.40	10.76	-8.09	-4.05
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	29,837	25,479	12,365	8,469	9,733	9,992	13,928	-3,688	11,248	11,643	22,950
Invested Capital Turnover	0.64	0.84	0.67	0.76	1.10	1.02	0.71	1.02	1.04	0.76	0.24
Increase / (Decrease) in Invested Capital	204	-4,358	-13,114	-3,896	1,264	259	3,936	-17,616	0.00	395	11,307
Enterprise Value (EV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	14,653	10,946	18,696
Market Capitalization	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	11,752	10,071	13,411
Book Value per Share	$19.45	$20.81	($1.39)	($3.50)	($2.38)	$0.46	$1.40	($712.86)	$68.10	$81.86	$76.03
Tangible Book Value per Share	$19.45	$20.81	($1.39)	($3.50)	($2.38)	$0.46	$1.40	($712.86)	$68.10	$81.86	$76.03
Total Capital	31,026	29,740	13,089	9,238	9,601	9,855	13,859	-3,412	12,217	12,757	23,245
Total Debt	12,886	11,535	10,692	10,441	9,973	7,722	9,458	1,929	3,093	2,028	5,680
Total Long-Term Debt	12,886	11,154	10,311	9,938	9,921	7,341	9,073	0.00	3,093	2,028	5,291
Net Debt	11,497	7,124	9,867	9,559	9,968	7,718	9,452	1,650	2,901	875	5,285
Capital Expenditures (CapEx)	5,654	4,304	3,149	1,201	2,079	1,722	2,263	992	1,416	-704	1,536
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,771	-1,953	-1,649	-1,885	-784	-912	-762	-336	-198	142	-1,132
Debt-free Net Working Capital (DFNWC)	-1,859	2,193	-824	-1,003	-779	-908	-756	-57	-6.00	1,295	-737
Net Working Capital (NWC)	-1,859	1,812	-1,205	-1,506	-831	-1,289	-1,141	-1,986	-6.00	1,295	-1,126
Net Nonoperating Expense (NNE)	389	178	1,392	1,311	405	172	286	3,658	174	19	152
Net Nonoperating Obligations (NNO)	11,697	7,274	9,968	9,672	10,105	7,859	9,527	1,653	2,124	914	5,385
Total Depreciation and Amortization (D&A)	2,903	2,915	20,467	1,107	1,697	1,737	2,264	1,097	1,753	1,527	1,672
Debt-free, Cash-free Net Working Capital to Revenue	-14.52%	-8.45%	-12.92%	-23.95%	-7.81%	-9.09%	-8.93%	-6.41%	-1.69%	1.63%	-26.73%
Debt-free Net Working Capital to Revenue	-9.74%	9.48%	-6.46%	-12.74%	-7.76%	-9.05%	-8.86%	-1.09%	-0.05%	14.85%	-17.40%
Net Working Capital to Revenue	-9.74%	7.84%	-9.44%	-19.13%	-8.28%	-12.85%	-13.37%	-37.90%	-0.05%	14.85%	-26.59%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.73	$1.93	($22.43)	($6.45)	$0.90	$0.85	($0.25)	($998.26)	$38.71	$18.21	($4.55)
Adjusted Weighted Average Basic Shares Outstanding	653M	659M	662M	764M	906M	909M	1.67B	9.77M	125.79M	132.84M	156.99M
Adjusted Diluted Earnings per Share	$0.73	$1.87	($22.43)	($6.45)	$0.90	$0.85	($0.25)	($998.26)	$33.36	$16.92	($4.55)
Adjusted Weighted Average Diluted Shares Outstanding	653M	772M	662M	764M	906M	909M	1.67B	9.77M	145.96M	142.98M	156.99M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	666.21M	665.04M	664.99M	906.83M	909.24M	1.63B	1.95B	97.91M	134.72M	130.79M	232.70M
Normalized Net Operating Profit after Tax (NOPAT)	1,588	2,317	-313	-880	447	589	-5.60	-87	2,650	2,442	-546
Normalized NOPAT Margin	8.32%	10.02%	-2.45%	-11.18%	4.45%	5.87%	-0.07%	-1.66%	22.56%	28.00%	-12.89%
Pre Tax Income Margin	7.56%	13.84%	-149.62%	-58.30%	-4.98%	2.17%	-7.49%	-186.43%	31.09%	35.74%	-19.86%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.99	12.23	-497.66	-73.20	-0.36	1.21	-0.11	-35.73	23.13	30.97	-5.78
NOPAT to Interest Expense	3.05	7.81	-348.51	-51.46	-0.26	1.08	-0.04	-22.90	30.97	23.45	-4.53
EBIT Less CapEx to Interest Expense	-8.47	-2.81	-580.53	-93.22	-6.01	-3.44	-4.04	-39.45	14.55	37.74	-18.17
NOPAT Less CapEx to Interest Expense	-10.41	-7.24	-431.38	-71.48	-5.91	-3.57	-3.97	-26.63	22.39	30.22	-16.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	69.24%	28.11%	-2.56%	-0.23%	-38.05%	40.35%	-29.55%	-0.23%	24.55%	20.13%	-54.34%
Augmented Payout Ratio	92.95%	89.11%	-3.53%	-0.23%	-38.05%	40.35%	-29.55%	-0.23%	46.29%	34.81%	-54.34%

This table displays calculated financial ratios and metrics derived from Chesapeake Energy's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	260.43%	-46.28%	-52.18%	-52.79%	-67.92%	-73.29%	-57.14%	2.72%	103.15%	630.69%
EBITDA Growth	0.00%	701.63%	-49.14%	-67.15%	-57.74%	-79.68%	-91.81%	-58.61%	-74.56%	-11.53%	2,542.67%
EBIT Growth	0.00%	335.22%	-60.00%	-90.68%	-66.13%	-97.16%	-150.56%	-246.81%	-147.29%	-600.00%	570.70%
NOPAT Growth	0.00%	353.67%	-69.09%	-91.60%	-84.57%	-98.21%	-152.74%	-239.30%	-148.08%	-844.09%	586.06%
Net Income Growth	0.00%	281.81%	-68.39%	-92.07%	-84.11%	-98.13%	-158.06%	-262.86%	-170.12%	-1,057.69%	526.43%
EPS Growth	0.00%	251.90%	-66.99%	-91.99%	-83.79%	-98.13%	-163.37%	-273.47%	-152.44%	-688.89%	332.37%
Operating Cash Flow Growth	0.00%	4.22%	-43.34%	-61.46%	-55.24%	-37.91%	-59.42%	-16.60%	-18.72%	98.55%	532.54%
Free Cash Flow Firm Growth	0.00%	0.00%	36.51%	56.87%	0.00%	90.45%	98.00%	89.94%	-7,031.10%	-6,434.83%	-22,276.52%
Invested Capital Growth	0.00%	38.39%	29.66%	22.97%	3.51%	1.68%	-1.40%	0.82%	97.11%	92.06%	97.27%
Revenue Q/Q Growth	30.49%	-18.32%	-43.89%	-20.04%	28.84%	-44.51%	-53.28%	28.32%	208.80%	9.75%	68.03%
EBITDA Q/Q Growth	85.51%	-17.41%	-58.74%	-48.03%	138.66%	-60.30%	-83.37%	162.67%	46.70%	38.06%	396.74%
EBIT Q/Q Growth	121.51%	-18.12%	-70.49%	-82.59%	705.32%	-93.13%	-625.00%	49.45%	-159.42%	27.37%	594.23%
NOPAT Q/Q Growth	292.77%	-61.29%	-72.32%	-80.04%	621.60%	-95.51%	-916.27%	47.28%	-149.03%	30.57%	633.22%
Net Income Q/Q Growth	305.44%	-61.20%	-71.85%	-82.10%	712.86%	-95.43%	-973.08%	49.78%	-250.00%	37.59%	488.76%
EPS Q/Q Growth	313.24%	-62.04%	-71.56%	-82.05%	736.73%	-95.61%	-1,061.11%	50.87%	-152.94%	50.70%	479.25%
Operating Cash Flow Q/Q Growth	-20.03%	-15.33%	-42.07%	-1.75%	-7.11%	17.45%	-62.14%	101.91%	-9.48%	186.91%	20.62%
Free Cash Flow Firm Q/Q Growth	100.00%	0.00%	-29.76%	11.46%	108.42%	-198.66%	72.81%	-345.31%	-5,703.11%	6.98%	6.91%
Invested Capital Q/Q Growth	25.34%	0.50%	1.70%	-4.01%	5.51%	-1.28%	-1.38%	-1.84%	106.27%	-3.81%	1.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	68.03%	68.96%	49.92%	34.66%	62.68%	48.66%	31.88%	39.20%	31.63%	23.63%	57.89%
EBITDA Margin	65.15%	65.88%	48.44%	31.48%	58.32%	41.72%	14.85%	30.40%	14.44%	18.17%	53.71%
Operating Margin	54.00%	54.01%	27.34%	5.22%	37.27%	2.96%	-58.22%	-23.92%	-19.29%	-12.20%	34.39%
EBIT Margin	54.17%	54.30%	28.56%	6.22%	38.86%	4.81%	-54.06%	-21.30%	-17.89%	-11.84%	34.82%
Profit (Net Income) Margin	86.77%	41.22%	20.68%	4.63%	29.21%	2.41%	-44.95%	-17.59%	-19.94%	-11.34%	26.23%
Tax Burden Percent	163.47%	77.47%	75.48%	98.59%	77.42%	78.79%	76.95%	72.15%	94.77%	78.06%	78.83%
Interest Burden Percent	97.99%	97.98%	95.93%	75.53%	97.09%	63.46%	108.06%	114.49%	117.60%	122.69%	95.56%
Effective Tax Rate	-63.47%	22.53%	24.52%	1.41%	22.59%	21.21%	0.00%	0.00%	0.00%	0.00%	21.17%
Return on Invested Capital (ROIC)	92.16%	60.93%	25.44%	5.61%	21.98%	1.32%	-18.01%	-6.32%	-3.31%	-2.72%	13.73%
ROIC Less NNEP Spread (ROIC-NNEP)	89.23%	59.83%	25.47%	5.15%	22.44%	1.40%	-20.07%	-6.96%	-7.40%	-4.88%	12.53%
Return on Net Nonoperating Assets (RNNOA)	20.77%	14.53%	6.54%	1.05%	3.43%	0.12%	-2.00%	-0.58%	-1.65%	-1.00%	2.39%
Return on Equity (ROE)	112.93%	75.46%	31.97%	6.66%	25.42%	1.44%	-20.01%	-6.90%	-4.95%	-3.72%	16.12%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	17.85%	7.58%	5.24%	1.43%	-68.62%	-67.64%	-63.74%
Operating Return on Assets (OROA)	48.05%	55.22%	25.30%	4.78%	22.71%	2.16%	-19.46%	-6.44%	-3.59%	-3.02%	14.37%
Return on Assets (ROA)	76.97%	41.91%	18.32%	3.56%	17.07%	1.08%	-16.18%	-5.32%	-4.00%	-2.89%	10.82%
Return on Common Equity (ROCE)	112.93%	75.46%	31.97%	6.66%	25.42%	1.44%	-20.01%	-6.90%	-4.95%	-3.72%	16.12%
Return on Equity Simple (ROE_SIMPLE)	0.00%	68.94%	60.05%	52.88%	0.00%	9.89%	4.22%	2.49%	0.00%	-5.75%	0.00%
Net Operating Profit after Tax (NOPAT)	3,642	1,410	390	78	562	25	-206	-109	-270	-188	1,000
NOPAT Margin	88.27%	41.84%	20.64%	5.15%	28.85%	2.33%	-40.75%	-16.74%	-13.50%	-8.54%	27.11%
Net Nonoperating Expense Percent (NNEP)	2.92%	1.10%	-0.04%	0.46%	-0.46%	-0.09%	2.05%	0.65%	4.09%	2.16%	1.20%
Return On Investment Capital (ROIC_SIMPLE)	29.81%	-	-	-	4.41%	-	-	-	-1.16%	-0.84%	4.34%
Cost of Revenue to Revenue	31.97%	31.04%	50.08%	65.34%	37.32%	51.34%	68.12%	60.80%	68.37%	76.37%	42.11%
SG&A Expenses to Revenue	0.97%	1.04%	1.64%	1.92%	1.64%	4.35%	9.31%	6.02%	2.65%	2.14%	1.08%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.03%	14.96%	22.58%	29.43%	25.41%	45.70%	90.10%	63.12%	50.92%	35.84%	23.50%
Earnings before Interest and Taxes (EBIT)	2,235	1,830	540	94	757	52	-273	-138	-358	-260	1,285
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,688	2,220	916	476	1,136	451	75	197	289	399	1,982
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.29	0.96	1.05	1.10	0.94	1.12	1.07	1.09	0.76	0.87	0.88
Price to Tangible Book Value (P/TBV)	1.29	0.96	1.05	1.10	0.94	1.12	1.07	1.09	0.76	0.87	0.88
Price to Revenue (P/Rev)	1.00	0.70	0.87	1.03	1.15	1.86	2.19	2.65	3.17	2.80	1.85
Price to Earnings (P/E)	2.41	1.41	1.77	2.10	4.16	11.33	25.28	43.62	0.00	0.00	76.48
Dividend Yield	2.82%	2.93%	2.71%	2.66%	3.01%	2.56%	2.97%	2.97%	2.45%	2.19%	1.97%
Earnings Yield	41.43%	71.05%	56.39%	47.57%	24.02%	8.82%	3.96%	2.29%	0.00%	0.00%	1.31%
Enterprise Value to Invested Capital (EV/IC)	1.30	1.04	1.05	1.13	0.94	1.11	1.06	1.08	0.81	0.90	0.90
Enterprise Value to Revenue (EV/Rev)	1.25	0.83	0.96	1.15	1.26	1.98	2.38	2.86	4.41	3.70	2.35
Enterprise Value to EBITDA (EV/EBITDA)	2.63	1.44	1.65	1.99	2.31	4.28	5.61	6.44	19.58	21.94	7.14
Enterprise Value to EBIT (EV/EBIT)	3.84	1.83	2.14	2.66	3.40	8.83	19.05	30.09	0.00	0.00	37.94
Enterprise Value to NOPAT (EV/NOPAT)	2.87	1.62	1.89	2.27	4.49	12.09	27.44	48.07	0.00	0.00	69.89
Enterprise Value to Operating Cash Flow (EV/OCF)	3.55	2.82	3.19	4.23	4.60	6.24	6.91	7.25	11.95	9.39	6.23
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	5.36	14.75	20.06	75.73	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.20	0.20	0.20	0.19	0.19	0.19	0.20	0.32	0.31	0.29
Long-Term Debt to Equity	0.34	0.20	0.20	0.20	0.19	0.19	0.19	0.20	0.30	0.31	0.29
Financial Leverage	0.23	0.24	0.26	0.20	0.15	0.09	0.10	0.08	0.22	0.20	0.19
Leverage Ratio	1.79	1.78	1.75	1.71	1.50	1.36	1.35	1.35	1.49	1.51	1.46
Compound Leverage Factor	1.75	1.74	1.68	1.29	1.46	0.87	1.46	1.55	1.76	1.85	1.40
Debt to Total Capital	25.32%	16.55%	16.38%	16.52%	15.90%	15.94%	16.31%	16.53%	24.44%	23.37%	22.21%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.67%	0.00%	0.00%
Long-Term Debt to Total Capital	25.32%	16.55%	16.38%	16.52%	15.90%	15.94%	16.31%	16.53%	22.76%	23.37%	22.21%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	74.68%	83.45%	83.62%	83.48%	84.10%	84.06%	83.69%	83.47%	75.56%	76.63%	77.79%
Debt to EBITDA	0.56	0.25	0.28	0.32	0.43	0.68	0.95	1.09	5.95	5.81	1.82
Net Debt to EBITDA	0.52	0.23	0.15	0.20	0.18	0.26	0.43	0.48	5.53	5.33	1.54
Long-Term Debt to EBITDA	0.56	0.25	0.28	0.32	0.43	0.68	0.95	1.09	5.54	5.81	1.82
Debt to NOPAT	0.61	0.28	0.32	0.37	0.83	1.92	4.62	8.10	-10.11	-6.79	17.84
Net Debt to NOPAT	0.57	0.25	0.17	0.23	0.36	0.73	2.12	3.60	-9.40	-6.24	15.03
Long-Term Debt to NOPAT	0.61	0.28	0.32	0.37	0.83	1.92	4.62	8.10	-9.41	-6.79	17.84
Altman Z-Score	2.65	3.26	3.12	3.01	3.03	3.23	2.93	2.89	1.03	1.11	1.61
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.00	1.39	1.34	1.56	1.99	2.33	2.16	2.00	0.64	0.59	0.78
Quick Ratio	0.58	0.52	0.95	0.87	1.27	1.46	1.47	1.45	0.49	0.48	0.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1,726	-2,240	-1,983	167	-165	-45	-200	-11,577	-10,769	-10,025
Operating Cash Flow to CapEx	199.62%	0.00%	0.00%	120.76%	0.00%	133.01%	70.61%	144.03%	71.80%	194.67%	205.92%
Free Cash Flow to Firm to Interest Expense	0.00	-46.65	-101.81	-86.22	7.59	-8.67	-2.04	-9.98	-183.77	-182.52	-175.87
Operating Cash Flow to Interest Expense	23.33	24.03	23.41	22.00	21.36	29.05	9.50	21.10	6.06	18.58	23.19
Operating Cash Flow Less CapEx to Interest Expense	11.64	35.76	46.23	3.78	29.86	7.21	-3.95	6.45	-2.38	9.03	11.93
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.89	1.02	0.89	0.77	0.58	0.45	0.36	0.30	0.20	0.26	0.41
Accounts Receivable Turnover	9.20	12.62	10.14	8.93	8.59	10.92	9.88	8.84	4.66	6.39	11.99
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.17	1.27	1.12	0.99	0.82	0.63	0.49	0.42	0.25	0.31	0.50
Accounts Payable Turnover	12.62	11.13	9.32	7.97	7.21	6.79	5.71	5.02	4.43	7.73	9.69
Days Sales Outstanding (DSO)	39.68	28.92	35.99	40.89	42.50	33.42	36.93	41.28	78.39	57.14	30.45
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	28.92	32.80	39.18	45.79	50.60	53.78	63.95	72.64	82.44	47.21	37.67
Cash Conversion Cycle (CCC)	10.76	-3.88	-3.18	-4.90	-8.09	-20.36	-27.03	-31.36	-4.05	9.93	-7.22
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,248	11,304	11,496	11,035	11,643	11,494	11,335	11,126	22,950	22,075	22,360
Invested Capital Turnover	1.04	1.46	1.23	1.09	0.76	0.56	0.44	0.38	0.24	0.32	0.51
Increase / (Decrease) in Invested Capital	0.00	3,136	2,630	2,061	395	190	-161	91	11,307	10,581	11,025
Enterprise Value (EV)	14,653	11,727	12,013	12,520	10,946	12,738	11,999	11,978	18,696	19,813	20,070
Market Capitalization	11,752	9,884	10,952	11,274	10,071	11,967	11,073	11,081	13,411	14,997	15,754
Book Value per Share	$68.10	$76.33	$77.66	$77.58	$81.86	$81.61	$79.13	$77.61	$76.03	$73.88	$75.37
Tangible Book Value per Share	$68.10	$76.33	$77.66	$77.58	$81.86	$81.61	$79.13	$77.61	$76.03	$73.88	$75.37
Total Capital	12,217	12,323	12,432	12,300	12,757	12,707	12,391	12,205	23,245	22,434	23,059
Total Debt	3,093	2,040	2,036	2,032	2,028	2,025	2,021	2,017	5,680	5,243	5,122
Total Long-Term Debt	3,093	2,040	2,036	2,032	2,028	2,025	2,021	2,017	5,291	5,243	5,122
Net Debt	2,901	1,843	1,061	1,246	875	771	926	897	5,285	4,816	4,316
Capital Expenditures (CapEx)	526	-434	-502	419	-187	415	296	293	532	563	642
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-198	534	-406	115	142	104	-13	-222	-1,132	-1,903	-1,458
Debt-free Net Working Capital (DFNWC)	-6.00	731	569	901	1,295	1,358	1,082	898	-737	-1,476	-652
Net Working Capital (NWC)	-6.00	731	569	901	1,295	1,358	1,082	898	-1,126	-1,476	-652
Net Nonoperating Expense (NNE)	62	21	-0.75	7.89	-6.97	-0.79	21	5.50	129	61	32
Net Nonoperating Obligations (NNO)	2,124	1,021	1,100	767	914	812	965	938	5,385	4,884	4,423
Total Depreciation and Amortization (D&A)	453	390	376	382	379	399	348	335	647	659	697
Debt-free, Cash-free Net Working Capital to Revenue	-1.69%	3.77%	-3.24%	1.06%	1.63%	1.62%	-0.26%	-5.31%	-26.73%	-35.57%	-17.08%
Debt-free Net Working Capital to Revenue	-0.05%	5.16%	4.53%	8.27%	14.85%	21.11%	21.44%	21.47%	-17.40%	-27.59%	-7.64%
Net Working Capital to Revenue	-0.05%	5.16%	4.53%	8.27%	14.85%	21.11%	21.44%	21.47%	-26.59%	-27.59%	-7.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$27.99	$10.31	$2.93	$0.53	$4.44	$0.20	($1.73)	($0.85)	($2.17)	($1.06)	$4.07
Adjusted Weighted Average Basic Shares Outstanding	125.79M	134.74M	133.51M	132.15M	132.84M	130.89M	131.17M	133.79M	156.99M	234.43M	237.97M
Adjusted Diluted Earnings per Share	$25.29	$9.60	$2.73	$0.49	$4.10	$0.18	($1.73)	($0.85)	($2.15)	($1.06)	$4.02
Adjusted Weighted Average Diluted Shares Outstanding	145.96M	144.73M	143.27M	142.35M	142.98M	141.75M	131.17M	133.79M	156.99M	234.43M	240.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	134.72M	133.87M	132.36M	131.07M	130.79M	131.05M	131.28M	231.03M	232.70M	237.98M	238.15M
Normalized Net Operating Profit after Tax (NOPAT)	1,560	1,410	393	78	562	25	-190	-109	-270	-188	1,000
Normalized NOPAT Margin	37.80%	41.84%	20.76%	5.15%	28.85%	2.33%	-37.56%	-16.74%	-13.50%	-8.54%	27.11%
Pre Tax Income Margin	53.08%	53.20%	27.39%	4.70%	37.73%	3.05%	-58.42%	-24.38%	-21.04%	-14.53%	33.28%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	49.67	49.46	24.55	4.09	34.41	2.74	-12.41	-6.90	-5.68	-4.41	22.54
NOPAT to Interest Expense	80.94	38.11	17.74	3.39	25.55	1.33	-9.35	-5.43	-4.29	-3.18	17.55
EBIT Less CapEx to Interest Expense	37.98	61.19	47.36	-14.13	42.91	-19.11	-25.86	-21.55	-14.13	-13.95	11.28
NOPAT Less CapEx to Interest Expense	69.25	49.84	40.56	-14.83	34.05	-20.52	-22.81	-20.08	-12.73	-12.72	6.29
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	24.55%	16.60%	16.64%	15.40%	20.13%	36.84%	74.89%	129.53%	-54.34%	-45.80%	238.35%
Augmented Payout Ratio	46.29%	31.33%	27.79%	28.64%	34.81%	65.34%	114.61%	146.06%	-54.34%	-45.80%	286.41%

Key Financial Trends

Expand Energy (NASDAQ: EXE) has shown significant financial volatility over the past four years, with marked swings in revenue, net income, and cash flows. Here's a summary of the key trends and data insights from the latest quarterly statements and historical results:

Strong Q2 2025 performance: The company reported a consolidated net income of $968 million in Q2 2025, a sharp turnaround from losses in previous quarters, and operating revenue of $2.81 billion with total revenue at $3.69 billion.
Robust operating cash flow: Net cash from continuing operating activities in Q2 2025 was $1.32 billion, showing strong operational cash generation capability.
Increasing total common equity: Total common equity has risen to $17.94 billion as of Q2 2025, up from $10.28 billion in Q3 2023, indicating strengthened shareholder value and retained earnings growth.
Improved earnings per share: Basic earnings per share improved to $4.07 in Q2 2025 from negative values in the previous four quarters, showing recovery in profitability per share.

Capital expenditures: The company invested heavily in property, plant, and equipment, with around $657 million spent in Q2 2025, signaling ongoing expansion or maintenance capital needs typical for the energy sector.
Debt level management: Long-term debt stood at $5.12 billion in Q2 2025, slightly down compared to previous quarters but still significant, with repayments ongoing as part of financing activities.
Dividends and share repurchases: Consistent dividend payments are observed, with Q2 2025 dividend payments at $137 million. Share repurchases are also noted in historical cash flows.
Volatile quarterly results: Across the quarters, revenues and net income have experienced significant fluctuations, reflecting cyclicality in the energy markets and possibly operational challenges or strategic shifts.

Recent periods of losses: The company incurred net losses in several quarters, including Q1 and Q4 2024, and historically, with losses impacting retained earnings build-up and possibly weighing on stock performance.
Other operating expenses: Some quarters report high “other operating expenses,” e.g., $277 million in Q4 2024, which could relate to non-recurring charges or impairments negatively affecting reported earnings.

Summary: Expand Energy has demonstrated a strong recovery in Q2 2025 with significant profitability and cash flow improvement. However, the company has faced volatility and occasional losses over the past years, reflecting a challenging energy market environment. The ongoing investment in fixed assets and manageable debt levels are positive signs for future growth, but investors should be cautious about quarterly earnings swings and other operating charges that could impact near-term results.

08/09/25 08:02 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Chesapeake Energy's Financials

When does Chesapeake Energy's fiscal year end?

According to the most recent income statement we have on file, Chesapeake Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Chesapeake Energy's net income changed over the last 10 years?

Chesapeake Energy's net income appears to be on a downward trend, with a most recent value of -$714 million in 2024, falling from $894 million in 2013. The previous period was $2.42 billion in 2023.

What is Chesapeake Energy's operating income?

Chesapeake Energy's total operating income in 2024 was -$803 million, based on the following breakdown:

Total Gross Profit: $1.57 billion
Total Operating Expenses: $2.38 billion

How has Chesapeake Energy's revenue changed over the last 10 years?

Over the last 10 years, Chesapeake Energy's total revenue changed from $19.08 billion in 2013 to $4.24 billion in 2024, a change of -77.8%.

How much debt does Chesapeake Energy have?

Chesapeake Energy's total liabilities were at $10.33 billion at the end of 2024, a 183.2% increase from 2023, and a 54.2% decrease since 2014.

How much cash does Chesapeake Energy have?

In the past 10 years, Chesapeake Energy's cash and equivalents has ranged from $4 million in 2018 to $4.11 billion in 2014, and is currently $317 million as of their latest financial filing in 2024.

How has Chesapeake Energy's book value per share changed over the last 10 years?

Over the last 10 years, Chesapeake Energy's book value per share changed from 19.45 in 2013 to 76.03 in 2024, a change of 291.0%.

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This page (NASDAQ:CHKEL) was last updated on 8/9/2025 by MarketBeat.com Staff

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