Traders Cooperative

[Joe Stocks]

CHK out with a good report. Yeah, they missed but look at the highlights!

2022 Guidance Highlights:

Increased 2022 adjusted EBITDAX guidance to $3.8 – $4.0 billion (previous range $3.4 – $3.6 billion) with no change in capital spending
Expected to generate approximately $1.9 – $2.1 billion in adjusted free cash flow in 2022 and greater than $9 billion in adjusted free cash flow over the next five years
Anticipate paying between $900 million – $1.1 billion (approximately 13% current yield, based on current stock price) in total dividends in 2022 and greater than $5 billion over the next five years
Strong balance sheet with net debt(1)-to-2022E EBITDAX ratio of approximately 0.7x, pro forma for Chief and Powder River Basin cash consideration
Quarterly dividend of $1.7675 per common share, consisting of the first quarterly variable dividend of $1.33 per common share and a quarterly base dividend of $0.4375 per common share, payable on March 22, 2022 to shareholders of record at the close of business on March 7, 2022
https://seekingalpha.com/pr/18683560-chesapeake-energy-corporation-reports-fourth-quarter-and-full-year-2021-financial-and