Chesapeake Energy Corporation (NYSE:CHK) Basic Material Stock Announced 1st Quarter Results

Experts Expectations vs Actual:

The company reported adjusted net income of 18 cents per share. The company fell short of estimate of 29 cents per share. CHK drop short of the average revenue estimate of $2.78 billion.

Chesapeake Energy Corporation vs Industry Leaders:

The company is ranked 86^th among Independent Oil & Gas Companies by return on equity which stands at 10.58 percent. The company maintains the 52^nd highest EPS growth rate of 120.20 percent among its industry peers. The company is ranked 64^th among its competitors by long term growth rate which stands at 13.58 percent.

1^st Quarter 2012 Financial Results:

Revenue:

Chesapeake Energy Corporation (NYSE:CHK) reported the revenue of $2.41billion for the quarter ended March 31^st, 2012 as compared to revenue of 1.61 billion for the same period last year.

Net Income 2012 vs Net Income 2011:

Chesapeake Energy Corporation (NYSE:CHK) reported the net loss of $28 million or loss of $0.11 per share for the respective quarter as compared to net loss of $162 million or loss of $0.33 per share last year.

Balance Sheet:

The company’s total assets accumulate up to $45.58 billion with highest proportion of current assets in its composition. The company maintains weak short term liquidity position as per its current ratio of 0.45 times. Its total liabilities stand at $29.06 billion as compared to its total equity of 16.52 billion.

Chesapeake Energy Corporation’s Competitors:

Gastar Exploration Ltd. (AMEX:GST), Anadarko Petroleum Corp. (NYSE:APC), Devon Energy Corporation (NYSE:DVN), Bronco Drilling Co., Inc. (NASDAQ:BRNC), EOG Resources, Inc. (NYSE:EOG), Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), Crusader Energy Group Inc. (CKGRQ), Apache Corporation (NYSE:APA), and US Natural Gas Corp. (UNGS).