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Are You Prepared for Chesapeake Energy’s 4Q17 Earnings?

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Dec. 4 2020, Updated 10:51 a.m. ET

Revenue estimates for 4Q17 and fiscal 2017

Chesapeake Energy (CHK) will release its earnings on February 22, 2018, before the market opens. Chesapeake Energy’s 4Q17 revenue estimate is ~$2.28 billion. In 4Q16, Chesapeake Energy reported revenue of $2.02 billion. So, Chesapeake Energy’s 4Q17 revenue is expected to be higher on a year-over-year and a sequential basis, as you can see in the following graph.

Analysts’ revenue expectations for fiscal 2017 are $9.27 billion—compared to $7.87 billion reported in fiscal 2016.

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Chesapeake Energy’s quarterly and annual revenue expectations for 4Q17 and fiscal 2017 are higher on a year-over-year basis—likely due to higher natural gas prices and energy prices in 2017. In fiscal 2017, natural gas prices were averaging $3.022 per MMBtu (million British thermal units)—compared to $2.553 per MMBtu in fiscal 2016. In 3Q17, natural gas accounted for 73% of Chesapeake Energy’s total production.

4Q17 and fiscal 2017 EPS estimates

Chesapeake Energy’s EPS (earnings per share) estimate for 4Q17 is $0.24. The company reported a lower EPS of $0.07 in 4Q16. Chesapeake Energy’s revenue in 4Q17 is expected to increase—compared to 4Q16. Higher revenue resulted in higher expected earnings in 4Q17.

For fiscal 2017, analysts expect Chesapeake Energy to report an EPS (earnings per share) of $0.76—compared to its EPS of -$0.05 in fiscal 2016.

Peer comparison 

In contrast, Cabot Oil & Gas (COG) is expected to announce an EPS of $0.09 in 4Q17—compared to its earnings of $0.01 in 4Q16. EQT (EQT) is projected to report an EPS of $0.24 in 4Q17—compared to its earnings of $0.25 in 4Q16. Read Post–Rice Acquisition, How Will EQT Fare in Fiscal 2017? to learn more.

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