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Chesapeake Energy (CHKEL) Financials

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	2014	2015	2016	2017	2018	2019	2020	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	1,273	-14,738	-4,915	-631	133	-416	-9,756	4,869	2,419	-714	1,819
Consolidated Net Income / (Loss)	2,056	-14,635	-4,399	-502	228	-308	-9,750	4,936	2,419	-714	1,819
Net Income / (Loss) Continuing Operations	2,056	-14,635	-4,399	-502	-36	-308	-9,750	4,936	2,419	-714	1,819
Total Pre-Tax Income	3,200	-19,098	-4,589	-500	218	-639	-9,769	3,651	3,117	-841	2,282
Total Operating Income	3,477	-18,919	-4,411	-138	382	-31	-8,703	3,780	3,142	-803	2,471
Total Gross Profit	6,844	2,469	455	3,218	2,838	2,843	1,896	5,994	4,846	1,574	5,953
Total Revenue	23,125	12,764	7,872	10,039	10,030	8,532	5,240	11,743	8,721	4,235	12,124
Operating Revenue	23,125	12,764	7,872	10,039	10,030	8,532	5,240	11,743	6,993	4,273	11,574
Other Revenue	-	-	-	-	-	-	-	-	1,728	-38	550
Total Cost of Revenue	16,281	10,295	7,417	6,821	7,192	5,689	3,344	5,749	3,875	2,661	6,171
Operating Cost of Revenue	16,049	10,295	7,343	6,821	7,192	5,689	3,344	5,749	3,708	2,661	6,171
Total Operating Expenses	3,367	21,388	4,866	3,356	2,720	2,874	10,599	2,214	1,704	2,377	3,482
Selling, General & Admin Expense	322	235	240	333	335	315	267	142	127	186	181
Marketing Expense	-	99	-	134	189	224	149	242	-	97	193
Exploration Expense	-	-	-	-	-	-	427	23	27	10	46
Depreciation Expense	232	130	1,107	1,697	1,737	2,264	1,097	1,753	1,527	1,729	2,980
Other Operating Expenses / (Income)	-	353	365	416	0.00	48	80	49	18	332	40
Impairment Charge	88	18,432	3,025	814	131	11	8,535	-	0.00	0.00	37
Restructuring Charge	7.00	36	6.00	0.00	38	12	44	5.00	5.00	23	5.00
Total Other Income / (Expense), net	-277	-179	-178	-362	-164	-608	-1,066	-129	-25	-38	-189
Interest Expense	286	38	60	368	370	576	266	165	104	124	231
Other Income / (Expense), net	22	8.00	19	6.00	67	-32	-800	36	79	86	42
Income Tax Expense	1,144	-4,463	-190	2.00	-10	-331	-19	-1,285	698	-127	463
Basic Earnings per Share	$1.93	($22.26)	($6.43)	($0.70)	$29.26	($49.97)	($998.26)	$38.71	$18.21	($4.55)	$7.67
Weighted Average Basic Shares Outstanding	659M	662M	764M	906M	4.55M	8.33M	9.77M	125.79M	132.84M	156.99M	237.29M
Diluted Earnings per Share	$1.87	($22.26)	($6.43)	($0.70)	$29.26	($49.97)	($998.26)	$33.36	$16.92	($4.55)	$7.57
Weighted Average Diluted Shares Outstanding	772M	662M	764M	906M	4.55M	8.33M	9.77M	145.96M	142.98M	156.99M	240.37M
Weighted Average Basic & Diluted Shares Outstanding	659.60M	662.30M	762M	903.30M	1.63B	1.95B	97.91M	134.72M	130.79M	232.70M	240.40M

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	70	569	26	-227	-114	-399	-249	968	547	553	1,159
Consolidated Net Income / (Loss)	70	569	26	-227	-114	-399	-249	968	547	553	1,159
Net Income / (Loss) Continuing Operations	70	569	26	-227	-114	-399	-249	968	547	553	1,159
Total Pre-Tax Income	71	735	33	-295	-158	-421	-319	1,228	686	687	1,489
Total Operating Income	79	726	32	-294	-155	-386	-268	1,269	725	745	1,531
Total Gross Profit	524	1,221	497	143	243	633	519	2,136	1,482	1,816	2,341
Total Revenue	1,512	1,948	1,081	505	648	2,001	2,196	3,690	2,966	3,272	4,397
Operating Revenue	1,512	1,948	909	516	602	2,001	3,210	2,813	2,515	3,036	4,526
Other Revenue	-	-	172	-11	46	-	-1,014	877	451	236	-129
Total Cost of Revenue	988	727	584	362	405	1,368	1,677	1,554	1,484	1,456	2,056
Operating Cost of Revenue	988	767	555	344	394	1,368	1,629	1,505	1,436	1,601	1,996
Other Cost of Revenue	-	-	29	18	11	-	48	49	48	-	60
Total Operating Expenses	445	495	465	437	398	1,019	787	867	757	1,071	810
Selling, General & Admin Expense	29	32	47	47	39	53	47	40	45	49	63
Exploration Expense	4.00	8.00	2.00	3.00	2.00	3.00	7.00	20	3.00	16	14
Depreciation Expense	382	379	399	348	335	647	711	769	741	759	711
Other Operating Expenses / (Income)	3.00	3.00	17	16	22	277	22	38	-37	17	13
Restructuring Charge	0.00	-	-	23	0.00	-	0.00	0.00	5.00	-	9.00
Total Other Income / (Expense), net	-8.00	9.00	1.00	-1.00	-3.00	-35	-51	-41	-39	-58	-42
Interest Expense	23	22	19	22	20	63	59	57	56	59	59
Other Income / (Expense), net	15	31	20	21	17	28	8.00	16	17	1.00	17
Income Tax Expense	1.00	166	7.00	-68	-44	-22	-70	260	139	134	330
Basic Earnings per Share	$0.53	$4.44	$0.20	($1.73)	($0.85)	($2.17)	($1.06)	$4.07	$2.30	$2.36	$4.83
Weighted Average Basic Shares Outstanding	132.15M	132.84M	130.89M	131.17M	133.79M	156.99M	234.43M	237.97M	238.22M	237.29M	239.90M
Diluted Earnings per Share	$0.49	$4.10	$0.18	($1.73)	($0.85)	($2.15)	($1.06)	$4.02	$2.28	$2.33	$4.81
Weighted Average Diluted Shares Outstanding	142.35M	142.98M	141.75M	131.17M	133.79M	156.99M	234.43M	240.56M	239.89M	240.37M	240.76M
Weighted Average Basic & Diluted Shares Outstanding	131.07M	130.79M	131.05M	131.28M	231.03M	232.70M	237.98M	238.15M	238.17M	240.40M	239.23M
Cash Dividends to Common per Share	$0.58	-	$0.58	$0.72	$0.58	-	$0.58	-	-	-	$0.58

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	2014	2015	2016	2017	2018	2019	2020	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	3,271	-3,283	57	-877	-1.00	2.00	273	-722	961	-758	301
Net Cash From Operating Activities	4,634	1,234	-204	475	1,730	1,623	1,164	4,125	2,380	1,565	4,575
Net Cash From Continuing Operating Activities	4,634	1,234	-204	475	1,730	1,623	1,164	4,125	2,380	1,565	4,575
Net Income / (Loss) Continuing Operations	2,056	-14,635	-4,399	-502	228	-308	-9,750	4,936	2,419	-714	1,819
Consolidated Net Income / (Loss)	2,056	-14,635	-4,399	-502	228	-308	-9,750	4,936	2,419	-714	1,819
Depreciation Expense	2,915	2,229	1,107	1,697	1,737	2,264	1,097	1,753	1,527	1,729	2,980
Amortization Expense	0.00	18,238	-	-	-	-	-	0.00	0.00	-57	-203
Non-Cash Adjustments To Reconcile Net Income	-922	863	4,020	-193	-316	226	8,912	-1,109	-2,269	1,045	-184
Changes in Operating Assets and Liabilities, net	585	-5,461	-932	-527	81	-559	905	-1,455	703	-438	163
Net Cash From Investing Activities	454	-3,451	-660	-918	455	-2,480	-992	-3,401	473	-1,904	-2,759
Net Cash From Continuing Investing Activities	454	-3,451	-660	-918	455	-2,480	-992	-3,401	473	-1,904	-2,759
Purchase of Property, Plant & Equipment	-5,307	-3,238	-1,332	-2,134	-1,869	-2,263	-1,142	-1,823	-1,829	-1,557	-2,931
Acquisitions	-1,311	-533	-788	-88	-128	-353	0.00	-1,967	0.00	-459	0.00
Purchase of Investments	0.00	-	-	-	-	-	0.00	-18	-231	-75	-14
Sale of Property, Plant & Equipment	1,003	89	131	55	147	-	150	407	2,533	21	70
Other Investing Activities, net	17	43	-77	-	-	-	-	0.00	0.00	166	116
Net Cash From Financing Activities	-1,817	-1,066	921	-434	-2,186	859	101	-1,446	-1,892	-419	-1,515
Net Cash From Continuing Financing Activities	-1,817	-1,066	921	-434	-2,186	859	101	-1,446	-1,892	-419	-1,515
Repayment of Debt	-11,184	-549	-7,901	-9,599	-15,027	-11,289	-3,593	-8,771	-2,175	-781	-1,664
Repurchase of Common Equity	-1,254	-143	-	-	-	-	0.00	-1,073	-355	0.00	-100
Payment of Dividends	-578	-374	-10	-191	-92	-91	-22	-1,212	-487	-388	-765
Issuance of Debt	11,260	0.00	8,832	9,356	12,933	12,239	3,716	9,583	1,125	747	990
Other Financing Activities, net	-61	-	-	-	-	0.00	0.00	27	0.00	3.00	24

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-189	367	101	-159	25	-725	32	379	-115	5.00	1,609
Net Cash From Operating Activities	506	470	552	209	422	382	1,096	1,322	1,201	956	2,402
Net Cash From Continuing Operating Activities	506	470	552	209	422	382	1,096	1,322	1,201	956	2,402
Net Income / (Loss) Continuing Operations	70	569	26	-227	-114	-399	-249	968	547	553	1,159
Consolidated Net Income / (Loss)	70	569	26	-227	-114	-399	-249	968	547	553	1,159
Depreciation Expense	382	379	399	348	335	647	711	769	741	759	711
Amortization Expense	-	-	0.00	-	-	-	-52	-72	-47	-32	-30
Non-Cash Adjustments To Reconcile Net Income	125	-494	44	287	160	554	974	-835	-298	-25	-211
Changes in Operating Assets and Liabilities, net	-71	16	83	-199	41	-363	-288	492	258	-299	773
Net Cash From Investing Activities	-480	105	-374	-266	-319	-945	-507	-591	-845	-816	-601
Net Cash From Continuing Investing Activities	-480	105	-374	-266	-319	-945	-507	-591	-845	-816	-601
Purchase of Property, Plant & Equipment	-423	-379	-421	-302	-298	-536	-563	-657	-844	-867	-711
Purchase of Investments	-61	-82	-19	-26	-26	-4.00	-4.00	-5.00	-5.00	-	-1.00
Sale of Property, Plant & Equipment	4.00	566	6.00	6.00	5.00	4.00	0.00	15	4.00	51	41
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	-	-	-	10
Other Investing Activities, net	-	-	60	56	-	50	60	56	-	-	60
Net Cash From Financing Activities	-215	-208	-77	-102	-78	-162	-557	-352	-471	-135	-192
Net Cash From Continuing Financing Activities	-215	-208	-77	-102	-78	-162	-557	-352	-471	-135	-192
Repayment of Debt	-	1,125	0.00	-4.00	-	-777	-1,161	-217	-121	-165	0.00
Repurchase of Common Equity	-132	-42	-	-	-	-	0.00	-	-1.00	-	-66
Payment of Dividends	-77	-75	-77	-99	-78	-134	-142	-137	-349	-137	-141
Issuance of Debt	-	-1,125	0.00	-	-	747	725	100	-	165	0.00
Other Financing Activities, net	-6.00	-91	0.00	-	-	2.00	21	1.00	-	2.00	15

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Total Assets	17,314	13,028	12,425	12,735	16,193	6,584	11,009	15,468	14,376	27,894	28,287
Total Current Assets	2,480	2,142	1,525	1,598	1,251	1,108	2,103	2,698	2,609	1,997	2,916
Cash & Equivalents	825	882	5.00	4.00	6.00	279	905	130	1,079	317	616
Restricted Cash	-	-	-	-	-	0.00	9.00	62	74	78	80
Accounts Receivable	1,129	1,057	1,322	1,247	990	746	1,115	1,438	593	1,226	1,599
Other Current Assets	526	203	198	347	255	83	74	249	863	376	621
Plant, Property, & Equipment, net	14,298	10,609	10,680	10,818	14,756	5,242	8,802	11,187	10,097	24,282	24,355
Plant, Property & Equipment, gross	73,663	73,335	74,344	28,704	34,758	29,048	9,710	13,618	13,771	29,644	32,633
Accumulated Depreciation	59,365	62,726	63,664	17,886	20,002	23,806	908	2,431	3,674	5,362	8,278
Total Noncurrent Assets	536	277	220	319	186	234	104	1,583	1,670	1,615	1,016
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	0.00	1,351	933	589	168
Other Noncurrent Operating Assets	536	277	220	319	186	234	104	232	737	1,026	848
Total Liabilities & Shareholders' Equity	17,314	13,028	12,425	12,735	16,193	6,584	11,009	15,468	14,376	27,894	28,287
Total Liabilities	14,917	14,231	12,797	10,602	11,792	11,925	5,338	6,344	3,647	10,329	9,709
Total Current Liabilities	3,685	3,648	2,356	2,887	2,392	3,094	2,447	2,704	1,314	3,123	2,901
Short-Term Debt	381	503	52	381	385	1,929	-	-	0.00	389	0.00
Accounts Payable	944	672	654	763	498	346	308	603	425	777	753
Other Current Liabilities	2,259	2,360	1,513	1,602	1,434	816	2,101	2,059	850	1,857	2,048
Other Current Nonoperating Liabilities	101	113	137	141	75	3.00	38	42	39	100	100
Total Noncurrent Liabilities	11,232	10,583	10,441	7,715	9,400	8,831	2,891	3,640	2,333	7,206	6,808
Long-Term Debt	10,311	9,938	9,921	7,341	9,073	0.00	2,278	3,093	2,028	5,291	5,009
Asset Retirement Reserve & Litigation Obligation	452	247	162	155	200	139	349	323	265	499	688
Other Noncurrent Operating Liabilities	469	398	358	219	127	8,692	264	224	40	1,416	1,111
Commitments & Contingencies	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,397	-1,203	-372	2,133	4,401	-5,341	5,671	9,124	10,729	17,565	18,578
Total Preferred & Common Equity	2,138	-1,331	-496	2,092	4,364	-5,341	5,671	9,124	10,729	17,565	18,578
Total Common Equity	-924	-3,102	-2,167	421	2,733	-6,972	5,671	9,124	10,729	17,565	18,578
Common Stock	12,410	14,495	14,446	14,387	16,973	16,937	4,846	5,725	5,755	13,689	13,748
Retained Earnings	-13,202	-17,474	-16,525	-13,912	-14,220	-23,954	825	3,399	4,974	3,876	4,830

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	Q3 2025	Q1 2026
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	9/30/2025	3/31/2026
Total Assets	14,089	14,591	14,429	14,248	14,018	13,608	13,392	27,934	27,768	27,606	29,521
Total Current Assets	2,059	2,629	2,220	2,515	2,378	2,013	1,797	2,113	2,272	2,241	4,387
Cash & Equivalents	74	130	903	713	1,179	1,019	1,044	349	731	613	2,220
Restricted Cash	56	67	72	73	75	76	76	78	75	78	85
Accounts Receivable	1,757	864	671	685	314	350	261	1,361	1,074	1,026	1,290
Other Current Assets	172	706	574	524	810	568	416	325	392	524	792
Plant, Property, & Equipment, net	11,954	10,523	10,653	10,106	10,057	10,004	9,954	24,260	24,172	24,236	24,315
Plant, Property & Equipment, gross	14,136	13,293	13,702	13,405	14,125	14,417	14,697	30,326	30,997	31,795	33,293
Accumulated Depreciation	2,182	2,770	3,049	3,299	4,068	4,413	4,743	6,066	6,825	7,559	8,978
Total Noncurrent Assets	76	1,439	1,556	1,627	1,583	1,591	1,641	1,561	1,324	1,129	819
Noncurrent Deferred & Refundable Income Taxes	-	973	952	1,032	926	995	1,038	626	457	273	0.00
Other Noncurrent Operating Assets	76	466	604	595	657	596	603	935	867	856	819
Total Liabilities & Shareholders' Equity	14,089	14,591	14,429	14,248	14,018	13,608	13,392	27,934	27,768	27,606	29,521
Total Liabilities	7,742	4,308	4,033	3,980	3,336	3,238	3,204	10,743	9,831	9,456	9,975
Total Current Liabilities	4,238	1,898	1,651	1,614	1,020	931	899	3,589	2,924	2,766	3,950
Short-Term Debt	-	-	-	-	-	-	-	0.00	0.00	0.00	875
Accounts Payable	539	631	642	540	317	274	264	654	747	830	881
Other Current Liabilities	3,659	1,227	970	1,033	662	618	594	2,867	2,070	1,879	2,135
Other Current Nonoperating Liabilities	40	40	39	41	41	39	41	68	107	57	59
Total Noncurrent Liabilities	3,504	2,410	2,382	2,366	2,316	2,307	2,305	7,154	6,907	6,690	6,025
Long-Term Debt	2,717	2,040	2,036	2,032	2,025	2,021	2,017	5,243	5,122	5,010	4,133
Asset Retirement Reserve & Litigation Obligation	350	279	277	273	269	264	271	506	513	525	703
Other Noncurrent Operating Liabilities	437	91	69	61	22	22	17	1,405	1,272	1,155	1,189
Commitments & Contingencies	0.00	0.00	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	18,150	19,546
Total Preferred & Common Equity	6,347	10,283	10,396	10,268	10,682	10,370	10,188	17,191	17,937	18,150	19,546
Total Common Equity	6,347	10,283	10,396	10,268	10,682	10,370	10,188	17,191	17,937	18,150	19,546
Common Stock	5,628	5,730	5,727	5,736	5,759	5,769	5,779	13,702	13,718	13,735	13,761
Retained Earnings	719	4,553	4,669	4,532	4,923	4,601	4,409	3,489	4,219	4,415	5,785

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

Metric	2014	2015	2016	2017	2018	2019	2020	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	21.20%	-44.80%	-38.33%	27.53%	-0.09%	-14.94%	-38.58%	0.00%	-25.73%	-51.44%	186.28%
EBITDA Growth	28.33%	-75.74%	-311.12%	147.64%	39.68%	0.69%	-481.92%	0.00%	-14.74%	-79.89%	453.93%
EBIT Growth	67.02%	-640.47%	76.78%	96.99%	440.15%	-114.03%	-14,984.13%	0.00%	-15.59%	-122.26%	450.49%
NOPAT Growth	74.16%	-692.81%	76.68%	96.87%	513.58%	-105.43%	-27,974.19%	0.00%	-52.29%	-123.05%	450.41%
Net Income Growth	129.98%	-811.82%	69.94%	88.59%	145.42%	-235.09%	-3,065.58%	0.00%	-50.99%	-129.52%	354.76%
EPS Growth	156.16%	-1,290.37%	71.11%	89.11%	4,280.00%	-270.78%	-1,897.72%	0.00%	-49.28%	-126.89%	266.37%
Operating Cash Flow Growth	0.43%	-73.37%	-116.53%	332.84%	264.21%	-6.19%	-28.28%	0.00%	-42.30%	-34.24%	192.33%
Free Cash Flow Firm Growth	511.09%	-101.96%	725.14%	-268.33%	110.33%	-2,916.41%	391.18%	0.00%	0.00%	-680.85%	116.25%
Invested Capital Growth	-14.61%	-51.47%	-31.51%	14.93%	2.66%	39.39%	-126.48%	0.00%	3.51%	97.11%	0.18%
Revenue Q/Q Growth	5.04%	-26.39%	-7.39%	11.57%	-2.61%	-9.83%	57.36%	0.00%	-19.98%	1.27%	11.71%
EBITDA Q/Q Growth	12.92%	112.54%	-738.01%	13.98%	46.03%	-17.53%	-7.53%	0.00%	-24.63%	-48.63%	30.65%
EBIT Q/Q Growth	25.64%	-25.85%	37.41%	-129.27%	153.07%	-110.59%	-1.75%	0.00%	-31.45%	-280.15%	78.35%
NOPAT Q/Q Growth	30.64%	-25.79%	37.30%	-107.12%	162.86%	-101.90%	3.86%	0.00%	-55.79%	-325.60%	99.04%
Net Income Q/Q Growth	56.35%	-24.23%	29.55%	-280.58%	115.22%	-149.60%	-0.95%	0.00%	-55.45%	-381.10%	109.80%
EPS Q/Q Growth	125.30%	-22.17%	28.40%	-400.00%	1,821.18%	-341.28%	0.00%	0.00%	-55.60%	-367.65%	144.98%
Operating Cash Flow Q/Q Growth	-4.12%	-34.50%	-189.08%	2,400.00%	8.33%	6.99%	-27.07%	0.00%	-19.59%	-5.32%	14.35%
Free Cash Flow Firm Q/Q Growth	187.73%	-103.09%	74.77%	-249.51%	111.66%	-25.76%	3.41%	0.00%	0.00%	-7,604.40%	118.53%
Invested Capital Q/Q Growth	-12.08%	-13.33%	-4.62%	4.38%	0.98%	-1.82%	-11.96%	0.00%	5.51%	106.27%	2.06%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.60%	19.34%	5.78%	32.06%	28.30%	33.32%	36.18%	51.04%	57.48%	37.17%	49.10%
EBITDA Margin	27.74%	12.19%	-41.73%	15.59%	21.79%	25.80%	-160.42%	47.42%	54.44%	22.55%	43.63%
Operating Margin	15.04%	-148.22%	-56.03%	-1.37%	3.81%	-0.36%	-166.09%	32.19%	36.03%	-18.96%	20.38%
EBIT Margin	15.13%	-148.16%	-55.79%	-1.31%	4.48%	-0.74%	-181.36%	32.50%	36.93%	-16.93%	20.73%
Profit (Net Income) Margin	8.89%	-114.66%	-55.88%	-5.00%	2.27%	-3.61%	-186.07%	42.03%	27.74%	-16.86%	15.00%
Tax Burden Percent	64.25%	76.63%	95.86%	100.40%	104.59%	48.20%	99.81%	135.20%	77.61%	84.90%	79.71%
Interest Burden Percent	91.45%	100.99%	104.49%	378.79%	48.55%	1,014.29%	102.80%	95.68%	96.77%	117.29%	90.81%
Effective Tax Rate	35.75%	0.00%	0.00%	0.00%	-4.59%	0.00%	0.00%	-35.20%	22.39%	0.00%	20.29%
Return on Invested Capital (ROIC)	8.08%	-69.99%	-29.64%	-1.06%	4.05%	-0.18%	-118.99%	45.43%	21.30%	-3.25%	8.57%
ROIC Less NNEP Spread (ROIC-NNEP)	6.20%	-86.13%	-42.99%	-5.16%	2.14%	-3.47%	-184.42%	37.22%	20.03%	-8.07%	5.50%
Return on Net Nonoperating Assets (RNNOA)	3.24%	-72.08%	-707.21%	64.81%	21.84%	-9.25%	2,193.45%	8.67%	3.06%	-1.80%	1.49%
Return on Equity (ROE)	11.31%	-142.07%	-736.85%	63.75%	25.89%	-9.43%	2,074.47%	54.10%	24.37%	-5.05%	10.07%
Cash Return on Invested Capital (CROIC)	23.83%	-0.68%	7.76%	-14.95%	1.42%	-33.09%	0.00%	0.00%	17.85%	-68.62%	8.40%
Operating Return on Assets (OROA)	8.48%	-65.14%	-28.95%	-1.04%	3.57%	-0.44%	-83.44%	28.83%	21.59%	-3.39%	8.95%
Return on Assets (ROA)	4.98%	-50.41%	-29.00%	-3.94%	1.81%	-2.13%	-85.61%	37.29%	16.21%	-3.38%	6.48%
Return on Common Equity (ROCE)	8.33%	-89.08%	2,484.56%	213.26%	-25.67%	-4.55%	9,354.97%	54.10%	24.37%	-5.05%	10.07%
Return on Equity Simple (ROE_SIMPLE)	12.16%	-684.52%	330.50%	101.21%	10.90%	-7.06%	182.55%	54.10%	22.55%	-4.06%	0.00%
Net Operating Profit after Tax (NOPAT)	2,234	-13,243	-3,088	-97	400	-22	-6,092	5,110	2,438	-562	1,970
NOPAT Margin	9.66%	-103.76%	-39.22%	-0.96%	3.98%	-0.25%	-116.26%	43.52%	27.96%	-13.27%	16.25%
Net Nonoperating Expense Percent (NNEP)	1.88%	16.14%	13.35%	4.10%	1.91%	3.29%	65.44%	8.21%	1.28%	4.82%	3.08%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	41.83%	19.11%	-2.42%	8.35%
Cost of Revenue to Revenue	70.40%	80.66%	94.22%	67.95%	71.70%	66.68%	63.82%	48.96%	42.52%	62.83%	50.90%
SG&A Expenses to Revenue	1.39%	1.84%	3.05%	3.32%	3.34%	3.69%	5.10%	1.21%	1.46%	4.39%	1.49%
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	14.56%	167.57%	61.81%	33.43%	27.12%	33.69%	202.27%	18.85%	21.45%	56.13%	28.72%
Earnings before Interest and Taxes (EBIT)	3,499	-18,911	-4,392	-132	449	-63	-9,503	3,816	3,221	-717	2,513
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6,414	1,556	-3,285	1,565	2,186	2,201	-8,406	5,569	4,748	955	5,290
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.29	0.94	0.76	0.80
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.29	0.94	0.76	0.80
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.00	1.15	3.17	1.23
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.41	4.16	0.00	8.17
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.82%	3.01%	2.45%	2.89%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	41.43%	24.02%	0.00%	12.23%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.30	0.94	0.81	0.83
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.25	1.26	4.41	1.58
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.63	2.31	19.58	3.63
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.84	3.40	0.00	7.63
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.87	4.49	0.00	9.74
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.55	4.60	11.95	4.19
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.36	0.00	9.95
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.63	4.46	-8.68	-26.81	3.62	2.15	-0.36	0.34	0.19	0.32	0.27
Long-Term Debt to Equity	0.61	4.30	-8.26	-26.67	3.44	2.06	0.00	0.34	0.19	0.30	0.27
Financial Leverage	0.52	0.84	16.45	-12.56	10.20	2.66	-11.89	0.23	0.15	0.22	0.27
Leverage Ratio	2.27	2.82	25.41	-16.16	14.29	4.43	-24.23	1.79	1.50	1.49	1.55
Compound Leverage Factor	2.08	2.85	26.55	-61.21	6.94	44.91	-24.91	1.71	1.45	1.75	1.41
Debt to Total Capital	38.79%	81.69%	113.02%	103.87%	78.36%	68.24%	-56.54%	25.32%	15.90%	24.44%	21.24%
Short-Term Debt to Total Capital	1.28%	2.91%	5.44%	0.54%	3.87%	2.78%	-56.54%	0.00%	0.00%	1.67%	0.00%
Long-Term Debt to Total Capital	37.51%	78.78%	107.58%	103.33%	74.49%	65.47%	0.00%	25.32%	15.90%	22.76%	21.24%
Preferred Equity to Total Capital	10.30%	23.39%	19.17%	17.40%	16.96%	11.77%	-47.80%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.38%	1.98%	1.39%	1.29%	0.42%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	46.54%	-7.06%	-33.58%	-22.57%	4.27%	19.72%	204.34%	74.68%	84.10%	75.56%	78.76%
Debt to EBITDA	1.80	6.87	-3.18	6.37	3.53	4.30	-0.23	0.56	0.43	5.95	0.95
Net Debt to EBITDA	1.11	6.34	-2.91	6.37	3.53	4.29	-0.20	0.52	0.18	5.53	0.82
Long-Term Debt to EBITDA	1.74	6.63	-3.03	6.34	3.36	4.12	0.00	0.56	0.43	5.54	0.95
Debt to NOPAT	5.16	-0.81	-3.38	-103.24	19.33	-435.85	-0.32	0.61	0.83	-10.11	2.54
Net Debt to NOPAT	3.19	-0.75	-3.10	-103.19	19.32	-435.58	-0.27	0.57	0.36	-9.40	2.19
Long-Term Debt to NOPAT	4.99	-0.78	-3.22	-102.70	18.37	-418.11	0.00	0.61	0.83	-9.41	2.54
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.99	3.60	0.99	1.88
Noncontrolling Interest Sharing Ratio	26.33%	37.30%	437.19%	-234.54%	199.15%	51.73%	-350.96%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.32	0.67	0.59	0.65	0.55	0.52	0.36	1.00	1.99	0.64	1.01
Quick Ratio	1.12	0.53	0.53	0.56	0.43	0.42	0.33	0.58	1.27	0.49	0.76
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	6,592	-129	808	-1,361	141	-3,958	11,524	0.00	2,043	-11,869	1,929
Operating Cash Flow to CapEx	107.67%	39.19%	-16.99%	22.85%	100.46%	71.72%	117.34%	291.31%	0.00%	101.89%	159.91%
Free Cash Flow to Firm to Interest Expense	23.05	-3.40	13.47	-3.70	0.38	-6.87	43.32	0.00	19.65	-95.72	8.35
Operating Cash Flow to Interest Expense	16.20	32.47	-3.40	1.29	4.68	2.82	4.38	25.00	22.88	12.62	19.81
Operating Cash Flow Less CapEx to Interest Expense	1.15	-50.39	-23.42	-4.36	0.02	-1.11	0.65	16.42	29.65	0.23	7.42
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.56	0.44	0.52	0.79	0.80	0.59	0.46	0.89	0.58	0.20	0.43
Accounts Receivable Turnover	10.37	7.59	7.20	8.44	7.81	7.63	6.04	9.20	8.59	4.66	8.58
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	0.66	0.55	0.63	0.94	0.93	0.67	0.52	1.17	0.82	0.25	0.50
Accounts Payable Turnover	8.93	6.88	9.18	10.29	10.15	9.02	7.92	12.62	7.21	4.43	8.07
Days Sales Outstanding (DSO)	35.18	48.11	50.68	43.25	46.74	47.85	60.46	39.68	42.50	78.39	42.52
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)	40.86	53.06	39.76	35.48	35.96	40.45	46.06	28.92	50.60	82.44	45.25
Cash Conversion Cycle (CCC)	-5.68	-4.94	10.92	7.77	10.79	7.40	14.40	10.76	-8.09	-4.05	-2.72
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	25,479	12,365	8,469	9,733	9,992	13,928	-3,688	11,248	11,643	22,950	22,991
Invested Capital Turnover	0.84	0.67	0.76	1.10	1.02	0.71	1.02	1.04	0.76	0.24	0.53
Increase / (Decrease) in Invested Capital	-4,358	-13,114	-3,896	1,264	259	3,936	-17,616	0.00	395	11,307	41
Enterprise Value (EV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	14,653	10,946	18,696	19,181
Market Capitalization	0.00	0.00	0.00	0.00	0.00	0.00	0.00	11,752	10,071	13,411	14,868
Book Value per Share	$20.81	($1.39)	($3.50)	($2.38)	$0.46	$1.40	($712.86)	$68.10	$81.86	$76.03	$78.00
Tangible Book Value per Share	$20.81	($1.39)	($3.50)	($2.38)	$0.46	$1.40	($712.86)	$68.10	$81.86	$76.03	$78.00
Total Capital	29,740	13,089	9,238	9,601	9,855	13,859	-3,412	12,217	12,757	23,245	23,587
Total Debt	11,535	10,692	10,441	9,973	7,722	9,458	1,929	3,093	2,028	5,680	5,009
Total Long-Term Debt	11,154	10,311	9,938	9,921	7,341	9,073	0.00	3,093	2,028	5,291	5,009
Net Debt	7,124	9,867	9,559	9,968	7,718	9,452	1,650	2,901	875	5,285	4,313
Capital Expenditures (CapEx)	4,304	3,149	1,201	2,079	1,722	2,263	992	1,416	-704	1,536	2,861
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,953	-1,649	-1,885	-784	-912	-762	-336	-198	142	-1,132	-681
Debt-free Net Working Capital (DFNWC)	2,193	-824	-1,003	-779	-908	-756	-57	-6.00	1,295	-737	15
Net Working Capital (NWC)	1,812	-1,205	-1,506	-831	-1,289	-1,141	-1,986	-6.00	1,295	-1,126	15
Net Nonoperating Expense (NNE)	178	1,392	1,311	405	172	286	3,658	174	19	152	151
Net Nonoperating Obligations (NNO)	7,274	9,968	9,672	10,105	7,859	9,527	1,653	2,124	914	5,385	4,413
Total Depreciation and Amortization (D&A)	2,915	20,467	1,107	1,697	1,737	2,264	1,097	1,753	1,527	1,672	2,777
Debt-free, Cash-free Net Working Capital to Revenue	-8.45%	-12.92%	-23.95%	-7.81%	-9.09%	-8.93%	-6.41%	-1.69%	1.63%	-26.73%	-5.62%
Debt-free Net Working Capital to Revenue	9.48%	-6.46%	-12.74%	-7.76%	-9.05%	-8.86%	-1.09%	-0.05%	14.85%	-17.40%	0.12%
Net Working Capital to Revenue	7.84%	-9.44%	-19.13%	-8.28%	-12.85%	-13.37%	-37.90%	-0.05%	14.85%	-26.59%	0.12%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.93	($22.43)	($6.45)	$0.90	$0.85	($0.25)	($998.26)	$38.71	$18.21	($4.55)	$7.67
Adjusted Weighted Average Basic Shares Outstanding	659M	662M	764M	906M	909M	1.67B	9.77M	125.79M	132.84M	156.99M	237.29M
Adjusted Diluted Earnings per Share	$1.87	($22.43)	($6.45)	$0.90	$0.85	($0.25)	($998.26)	$33.36	$16.92	($4.55)	$7.57
Adjusted Weighted Average Diluted Shares Outstanding	772M	662M	764M	906M	909M	1.67B	9.77M	145.96M	142.98M	156.99M	240.37M
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	665.04M	664.99M	906.83M	909.24M	1.63B	1.95B	97.91M	134.72M	130.79M	232.70M	240.40M
Normalized Net Operating Profit after Tax (NOPAT)	2,317	-313	-880	447	589	-5.60	-87	2,650	2,442	-546	2,003
Normalized NOPAT Margin	10.02%	-2.45%	-11.18%	4.45%	5.87%	-0.07%	-1.66%	22.56%	28.00%	-12.89%	16.52%
Pre Tax Income Margin	13.84%	-149.62%	-58.30%	-4.98%	2.17%	-7.49%	-186.43%	31.09%	35.74%	-19.86%	18.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	12.23	-497.66	-73.20	-0.36	1.21	-0.11	-35.73	23.13	30.97	-5.78	10.88
NOPAT to Interest Expense	7.81	-348.51	-51.46	-0.26	1.08	-0.04	-22.90	30.97	23.45	-4.53	8.53
EBIT Less CapEx to Interest Expense	-2.81	-580.53	-93.22	-6.01	-3.44	-4.04	-39.45	14.55	37.74	-18.17	-1.51
NOPAT Less CapEx to Interest Expense	-7.24	-431.38	-71.48	-5.91	-3.57	-3.97	-26.63	22.39	30.22	-16.92	-3.86
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.11%	-2.56%	-0.23%	-38.05%	40.35%	-29.55%	-0.23%	24.55%	20.13%	-54.34%	42.06%
Augmented Payout Ratio	89.11%	-3.53%	-0.23%	-38.05%	40.35%	-29.55%	-0.23%	46.29%	34.81%	-54.34%	47.55%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	240,398,260.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	240,398,260.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	4.82
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-52.18%	-52.79%	-67.92%	-73.29%	-57.14%	2.72%	103.15%	630.69%	357.72%	63.52%	100.23%
EBITDA Growth	-67.15%	-57.74%	-79.68%	-91.81%	-58.61%	-74.56%	-11.53%	2,542.67%	628.93%	534.91%	458.65%
EBIT Growth	-90.68%	-66.13%	-97.16%	-150.56%	-246.81%	-147.29%	-600.00%	570.70%	637.68%	308.38%	695.38%
NOPAT Growth	-91.60%	-84.57%	-98.21%	-152.74%	-239.30%	-148.08%	-844.09%	586.06%	632.81%	321.94%	735.23%
Net Income Growth	-92.07%	-84.11%	-98.13%	-158.06%	-262.86%	-170.12%	-1,057.69%	526.43%	579.82%	238.60%	565.46%
EPS Growth	-91.99%	-83.79%	-98.13%	-163.37%	-273.47%	-152.44%	-688.89%	332.37%	368.24%	208.37%	553.77%
Operating Cash Flow Growth	-61.46%	-55.24%	-37.91%	-59.42%	-16.60%	-18.72%	98.55%	532.54%	184.60%	150.26%	119.16%
Free Cash Flow Firm Growth	56.87%	0.00%	90.45%	98.00%	89.94%	-7,031.10%	-6,434.83%	-22,276.52%	-5,324.51%	104.83%	108.90%
Invested Capital Growth	22.97%	3.51%	1.68%	-1.40%	0.82%	97.11%	92.06%	97.27%	102.46%	0.18%	1.06%
Revenue Q/Q Growth	-20.04%	28.84%	-44.51%	-53.28%	28.32%	208.80%	9.75%	68.03%	-19.62%	10.32%	34.38%
EBITDA Q/Q Growth	-48.03%	138.66%	-60.30%	-83.37%	162.67%	46.70%	38.06%	396.74%	-27.55%	2.58%	51.32%
EBIT Q/Q Growth	-82.59%	705.32%	-93.13%	-625.00%	49.45%	-159.42%	27.37%	594.23%	-42.26%	0.54%	107.51%
NOPAT Q/Q Growth	-80.04%	621.60%	-95.51%	-916.27%	47.28%	-149.03%	30.57%	633.22%	-42.21%	3.73%	98.72%
Net Income Q/Q Growth	-82.10%	712.86%	-95.43%	-973.08%	49.78%	-250.00%	37.59%	488.76%	-43.49%	1.10%	109.58%
EPS Q/Q Growth	-82.05%	736.73%	-95.61%	-1,061.11%	50.87%	-152.94%	50.70%	479.25%	-43.28%	2.19%	106.44%
Operating Cash Flow Q/Q Growth	-1.75%	-7.11%	17.45%	-62.14%	101.91%	-9.48%	186.91%	20.62%	-9.15%	-20.40%	151.26%
Free Cash Flow Firm Q/Q Growth	11.46%	108.42%	-198.66%	72.81%	-345.31%	-5,703.11%	6.98%	6.91%	-7.95%	105.16%	71.60%
Invested Capital Q/Q Growth	-4.01%	5.51%	-1.28%	-1.38%	-1.84%	106.27%	-3.81%	1.29%	0.74%	2.06%	-2.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.66%	62.68%	48.66%	31.88%	39.20%	31.63%	23.63%	57.89%	49.97%	55.50%	53.24%
EBITDA Margin	31.48%	58.32%	41.72%	14.85%	30.40%	14.44%	18.17%	53.71%	48.42%	45.02%	50.69%
Operating Margin	5.22%	37.27%	2.96%	-58.22%	-23.92%	-19.29%	-12.20%	34.39%	24.44%	22.77%	34.82%
EBIT Margin	6.22%	38.86%	4.81%	-54.06%	-21.30%	-17.89%	-11.84%	34.82%	25.02%	22.80%	35.21%
Profit (Net Income) Margin	4.63%	29.21%	2.41%	-44.95%	-17.59%	-19.94%	-11.34%	26.23%	18.44%	16.90%	26.36%
Tax Burden Percent	98.59%	77.42%	78.79%	76.95%	72.15%	94.77%	78.06%	78.83%	79.74%	80.49%	77.84%
Interest Burden Percent	75.53%	97.09%	63.46%	108.06%	114.49%	117.60%	122.69%	95.56%	92.45%	92.09%	96.19%
Effective Tax Rate	1.41%	22.59%	21.21%	0.00%	0.00%	0.00%	0.00%	21.17%	20.26%	19.51%	22.16%
Return on Invested Capital (ROIC)	5.61%	21.98%	1.32%	-18.01%	-6.32%	-3.31%	-2.72%	13.73%	12.57%	9.67%	17.50%
ROIC Less NNEP Spread (ROIC-NNEP)	5.15%	22.44%	1.40%	-20.07%	-6.96%	-7.40%	-4.88%	12.53%	11.40%	8.72%	16.64%
Return on Net Nonoperating Assets (RNNOA)	1.05%	3.43%	0.12%	-2.00%	-0.58%	-1.65%	-1.00%	2.39%	2.14%	2.36%	3.46%
Return on Equity (ROE)	6.66%	25.42%	1.44%	-20.01%	-6.90%	-4.95%	-3.72%	16.12%	14.71%	12.04%	20.96%
Cash Return on Invested Capital (CROIC)	0.00%	17.85%	7.58%	5.24%	1.43%	-68.62%	-67.64%	-63.74%	-61.87%	8.40%	14.13%
Operating Return on Assets (OROA)	4.78%	22.71%	2.16%	-19.46%	-6.44%	-3.59%	-3.02%	14.37%	13.24%	9.84%	17.56%
Return on Assets (ROA)	3.56%	17.07%	1.08%	-16.18%	-5.32%	-4.00%	-2.89%	10.82%	9.76%	7.29%	13.14%
Return on Common Equity (ROCE)	6.66%	25.42%	1.44%	-20.01%	-6.90%	-4.95%	-3.72%	16.12%	14.71%	12.04%	20.96%
Return on Equity Simple (ROE_SIMPLE)	52.88%	0.00%	9.89%	4.22%	2.49%	0.00%	-5.75%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	78	562	25	-206	-109	-270	-188	1,000	578	600	1,192
NOPAT Margin	5.15%	28.85%	2.33%	-40.75%	-16.74%	-13.50%	-8.54%	27.11%	19.49%	18.33%	27.10%
Net Nonoperating Expense Percent (NNEP)	0.46%	-0.46%	-0.09%	2.05%	0.65%	4.09%	2.16%	1.20%	1.17%	0.95%	0.86%
Return On Investment Capital (ROIC_SIMPLE)	-	4.41%	-	-	-	-1.16%	-0.84%	4.34%	2.50%	2.54%	4.85%
Cost of Revenue to Revenue	65.34%	37.32%	51.34%	68.12%	60.80%	68.37%	76.37%	42.11%	50.03%	44.50%	46.76%
SG&A Expenses to Revenue	1.92%	1.64%	4.35%	9.31%	6.02%	2.65%	2.14%	1.08%	1.52%	1.50%	1.43%
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	29.43%	25.41%	45.70%	90.10%	63.12%	50.92%	35.84%	23.50%	25.52%	32.73%	18.42%
Earnings before Interest and Taxes (EBIT)	94	757	52	-273	-138	-358	-260	1,285	742	746	1,548
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	476	1,136	451	75	197	289	399	1,982	1,436	1,473	2,229
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.10	0.94	1.12	1.07	1.09	0.76	0.87	0.88	0.79	0.80	0.76
Price to Tangible Book Value (P/TBV)	1.10	0.94	1.12	1.07	1.09	0.76	0.87	0.88	0.79	0.80	0.76
Price to Revenue (P/Rev)	1.03	1.15	1.86	2.19	2.65	3.17	2.80	1.85	1.32	1.23	1.03
Price to Earnings (P/E)	2.10	4.16	11.33	25.28	43.62	0.00	0.00	76.48	16.51	8.17	4.58
Dividend Yield	2.66%	3.01%	2.56%	2.97%	2.97%	2.45%	2.19%	1.97%	3.00%	2.89%	2.91%
Earnings Yield	47.57%	24.02%	8.82%	3.96%	2.29%	0.00%	0.00%	1.31%	6.06%	12.23%	21.82%
Enterprise Value to Invested Capital (EV/IC)	1.13	0.94	1.11	1.06	1.08	0.81	0.90	0.90	0.83	0.83	0.78
Enterprise Value to Revenue (EV/Rev)	1.15	1.26	1.98	2.38	2.86	4.41	3.70	2.35	1.72	1.58	1.22
Enterprise Value to EBITDA (EV/EBITDA)	1.99	2.31	4.28	5.61	6.44	19.58	21.94	7.14	4.60	3.63	2.46
Enterprise Value to EBIT (EV/EBIT)	2.66	3.40	8.83	19.05	30.09	0.00	0.00	37.94	13.22	7.63	4.05
Enterprise Value to NOPAT (EV/NOPAT)	2.27	4.49	12.09	27.44	48.07	0.00	0.00	69.89	18.83	9.74	5.19
Enterprise Value to Operating Cash Flow (EV/OCF)	4.23	4.60	6.24	6.91	7.25	11.95	9.39	6.23	4.66	4.19	2.97
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	5.36	14.75	20.06	75.73	0.00	0.00	0.00	0.00	9.95	5.58
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.20	0.19	0.19	0.19	0.20	0.32	0.31	0.29	0.28	0.27	0.26
Long-Term Debt to Equity	0.20	0.19	0.19	0.19	0.20	0.30	0.31	0.29	0.28	0.27	0.21
Financial Leverage	0.20	0.15	0.09	0.10	0.08	0.22	0.20	0.19	0.19	0.27	0.21
Leverage Ratio	1.71	1.50	1.36	1.35	1.35	1.49	1.51	1.46	1.45	1.55	1.56
Compound Leverage Factor	1.29	1.46	0.87	1.46	1.55	1.76	1.85	1.40	1.34	1.43	1.50
Debt to Total Capital	16.52%	15.90%	15.94%	16.31%	16.53%	24.44%	23.37%	22.21%	21.63%	21.24%	20.40%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	1.67%	0.00%	0.00%	0.00%	0.00%	3.56%
Long-Term Debt to Total Capital	16.52%	15.90%	15.94%	16.31%	16.53%	22.76%	23.37%	22.21%	21.63%	21.24%	16.83%
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	83.48%	84.10%	84.06%	83.69%	83.47%	75.56%	76.63%	77.79%	78.37%	78.76%	79.60%
Debt to EBITDA	0.32	0.43	0.68	0.95	1.09	5.95	5.81	1.82	1.24	0.95	0.70
Net Debt to EBITDA	0.20	0.18	0.26	0.43	0.48	5.53	5.33	1.54	1.07	0.82	0.38
Long-Term Debt to EBITDA	0.32	0.43	0.68	0.95	1.09	5.54	5.81	1.82	1.24	0.95	0.58
Debt to NOPAT	0.37	0.83	1.92	4.62	8.10	-10.11	-6.79	17.84	5.06	2.54	1.49
Net Debt to NOPAT	0.23	0.36	0.73	2.12	3.60	-9.40	-6.24	15.03	4.36	2.19	0.80
Long-Term Debt to NOPAT	0.37	0.83	1.92	4.62	8.10	-9.41	-6.79	17.84	5.06	2.54	1.23
Altman Z-Score	3.01	3.03	3.23	2.93	2.89	1.03	1.11	1.61	1.59	1.67	1.84
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	1.56	1.99	2.33	2.16	2.00	0.64	0.59	0.78	0.81	1.01	1.11
Quick Ratio	0.87	1.27	1.46	1.47	1.45	0.49	0.48	0.62	0.59	0.76	0.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,983	167	-165	-45	-200	-11,577	-10,769	-10,025	-10,822	559	959
Operating Cash Flow to CapEx	120.76%	0.00%	133.01%	70.61%	144.03%	71.80%	194.67%	205.92%	142.98%	117.16%	358.51%
Free Cash Flow to Firm to Interest Expense	-86.22	7.59	-8.67	-2.04	-9.98	-183.77	-182.52	-175.87	-193.25	9.47	16.25
Operating Cash Flow to Interest Expense	22.00	21.36	29.05	9.50	21.10	6.06	18.58	23.19	21.45	16.20	40.71
Operating Cash Flow Less CapEx to Interest Expense	3.78	29.86	7.21	-3.95	6.45	-2.38	9.03	11.93	6.45	2.37	29.36
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.77	0.58	0.45	0.36	0.30	0.20	0.26	0.41	0.53	0.43	0.50
Accounts Receivable Turnover	8.93	8.59	10.92	9.88	8.84	4.66	6.39	11.99	16.87	8.58	10.81
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	0.99	0.82	0.63	0.49	0.42	0.25	0.31	0.50	0.63	0.50	0.59
Accounts Payable Turnover	7.97	7.21	6.79	5.71	5.02	4.43	7.73	9.69	11.01	8.07	8.53
Days Sales Outstanding (DSO)	40.89	42.50	33.42	36.93	41.28	78.39	57.14	30.45	21.64	42.52	33.77
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)	45.79	50.60	53.78	63.95	72.64	82.44	47.21	37.67	33.14	45.25	42.77
Cash Conversion Cycle (CCC)	-4.90	-8.09	-20.36	-27.03	-31.36	-4.05	9.93	-7.22	-11.50	-2.72	-9.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,035	11,643	11,494	11,335	11,126	22,950	22,075	22,360	22,526	22,991	22,308
Invested Capital Turnover	1.09	0.76	0.56	0.44	0.38	0.24	0.32	0.51	0.65	0.53	0.65
Increase / (Decrease) in Invested Capital	2,061	395	190	-161	91	11,307	10,581	11,025	11,400	41	233
Enterprise Value (EV)	12,520	10,946	12,738	11,999	11,978	18,696	19,813	20,070	18,632	19,181	17,493
Market Capitalization	11,274	10,071	11,967	11,073	11,081	13,411	14,997	15,754	14,313	14,868	14,790
Book Value per Share	$77.58	$81.86	$81.61	$79.13	$77.61	$76.03	$73.88	$75.37	$76.21	$78.00	$81.31
Tangible Book Value per Share	$77.58	$81.86	$81.61	$79.13	$77.61	$76.03	$73.88	$75.37	$76.21	$78.00	$81.31
Total Capital	12,300	12,757	12,707	12,391	12,205	23,245	22,434	23,059	23,160	23,587	24,554
Total Debt	2,032	2,028	2,025	2,021	2,017	5,680	5,243	5,122	5,010	5,009	5,008
Total Long-Term Debt	2,032	2,028	2,025	2,021	2,017	5,291	5,243	5,122	5,010	5,009	4,133
Net Debt	1,246	875	771	926	897	5,285	4,816	4,316	4,319	4,313	2,703
Capital Expenditures (CapEx)	419	-187	415	296	293	532	563	642	840	816	670
Debt-free, Cash-free Net Working Capital (DFCFNWC)	115	142	104	-13	-222	-1,132	-1,903	-1,458	-1,216	-681	-993
Debt-free Net Working Capital (DFNWC)	901	1,295	1,358	1,082	898	-737	-1,476	-652	-525	15	1,312
Net Working Capital (NWC)	901	1,295	1,358	1,082	898	-1,126	-1,476	-652	-525	15	437
Net Nonoperating Expense (NNE)	7.89	-6.97	-0.79	21	5.50	129	61	32	31	47	33
Net Nonoperating Obligations (NNO)	767	914	812	965	938	5,385	4,884	4,423	4,376	4,413	2,762
Total Depreciation and Amortization (D&A)	382	379	399	348	335	647	659	697	694	727	681
Debt-free, Cash-free Net Working Capital to Revenue	1.06%	1.63%	1.62%	-0.26%	-5.31%	-26.73%	-35.57%	-17.08%	-11.20%	-5.62%	-6.93%
Debt-free Net Working Capital to Revenue	8.27%	14.85%	21.11%	21.44%	21.47%	-17.40%	-27.59%	-7.64%	-4.84%	0.12%	9.16%
Net Working Capital to Revenue	8.27%	14.85%	21.11%	21.44%	21.47%	-26.59%	-27.59%	-7.64%	-4.84%	0.12%	3.05%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.53	$4.44	$0.20	($1.73)	($0.85)	($2.17)	($1.06)	$4.07	$2.30	$2.36	$4.83
Adjusted Weighted Average Basic Shares Outstanding	132.15M	132.84M	130.89M	131.17M	133.79M	156.99M	234.43M	237.97M	238.22M	237.29M	239.90M
Adjusted Diluted Earnings per Share	$0.49	$4.10	$0.18	($1.73)	($0.85)	($2.15)	($1.06)	$4.02	$2.28	$2.33	$4.81
Adjusted Weighted Average Diluted Shares Outstanding	142.35M	142.98M	141.75M	131.17M	133.79M	156.99M	234.43M	240.56M	239.89M	240.37M	240.76M
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	131.07M	130.79M	131.05M	131.28M	231.03M	232.70M	237.98M	238.15M	238.17M	240.40M	239.23M
Normalized Net Operating Profit after Tax (NOPAT)	78	562	25	-190	-109	-270	-188	1,000	582	600	1,199
Normalized NOPAT Margin	5.15%	28.85%	2.33%	-37.56%	-16.74%	-13.50%	-8.54%	27.11%	19.63%	18.33%	27.26%
Pre Tax Income Margin	4.70%	37.73%	3.05%	-58.42%	-24.38%	-21.04%	-14.53%	33.28%	23.13%	21.00%	33.86%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.09	34.41	2.74	-12.41	-6.90	-5.68	-4.41	22.54	13.25	12.64	26.24
NOPAT to Interest Expense	3.39	25.55	1.33	-9.35	-5.43	-4.29	-3.18	17.55	10.32	10.16	20.20
EBIT Less CapEx to Interest Expense	-14.13	42.91	-19.11	-25.86	-21.55	-14.13	-13.95	11.28	-1.75	-1.19	14.88
NOPAT Less CapEx to Interest Expense	-14.83	34.05	-20.52	-22.81	-20.08	-12.73	-12.72	6.29	-4.68	-3.67	8.84
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.40%	20.13%	36.84%	74.89%	129.53%	-54.34%	-45.80%	238.35%	87.89%	42.06%	23.68%
Augmented Payout Ratio	28.64%	34.81%	65.34%	114.61%	146.06%	-54.34%	-45.80%	286.41%	99.42%	47.55%	28.82%

Financials Breakdown Chart

Key Financial Trends

The data you provided appears to be Expand Energy Corp (ticker: EXE), not Chesapeake Energy (CHKEW). I’ve prepared a concise trends summary based on EXE’s quarterly statements over the last several years. If you can share CHKEW data, I can redo this analysis specifically for Chesapeake.

Profitability improved in 2025: net income turned positive in Q2 2025 (about $0.97B) and remained high in Q3 (~$0.55B) and Q4 (~$0.55B).
Revenue recovery in late 2025: total revenue reached about $3.27B in Q4 2025, up from $2.00B in Q4 2024 and showing ongoing improvement across the year.
Solid operating profitability in Q4 2025: Total operating income was $745M and gross profit was $1.816B, indicating healthy operating performance.
Strong cash generation from operations in 2025: net cash from continuing operating activities was about $1.32B (Q2), $1.20B (Q3), and $0.96B (Q4), suggesting robust cash flow generation.
Depreciation as a large non-cash add-back: depreciation expense runs around $710M–$769M per quarter, which boosts reported income but is a non-cash item.
Ongoing capex activity supports asset base: substantial PPE purchases each quarter (roughly $0.56B–$0.87B), indicating continued asset investment and capacity maintenance.
Strong balance-sheet base: a large equity base (about $18B) and debt levels in the $5.0B range, with total assets around $27–28B, implying a solid financial cushion.

Volatility in profitability earlier in the period: Q1 2025 showed a net loss (~$0.249B), and Q4 2024 also posted a loss, illustrating some earnings volatility across the four-year window.
Investing cash burn due to capex: investing activities consistently consumed cash, with 2025 quarters showing meaningful net outflows (e.g., Q4 2025 net cash from investing around −$0.816B), reflecting ongoing asset investments rather than free-cash-positive growth.

05/06/26 03:35 PM ETAI 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 2025 ended on December 31, 2025.

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 $1.82 billion in 2025, falling from $2.06 billion in 2014. The previous period was -$714 million in 2024.

What is Chesapeake Energy's operating income?

Chesapeake Energy's total operating income in 2025 was $2.47 billion, based on the following breakdown:

Total Gross Profit: $5.95 billion
Total Operating Expenses: $3.48 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 $23.13 billion in 2014 to $12.12 billion in 2025, a change of -47.6%.

How much debt does Chesapeake Energy have?

Chesapeake Energy's total liabilities were at $9.71 billion at the end of 2025, a 6.0% decrease from 2024, and a 34.9% decrease since 2015.

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 $1.08 billion in 2023, and is currently $616 million as of their latest financial filing in 2025.

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 20.81 in 2014 to 78.00 in 2025, a change of 274.8%.

Related Companies

Financial statements for NASDAQ:CHKEL last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Chesapeake Energy (CHKEL) Financials

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Chesapeake Energy (CHKEL) Financials

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