Chesapeake Power Company CHK reported second-quarter 2019 loss per share (excluding particular objects) of 10 cents, wider than the Zacks Consensus Estimate of lack of 7 cents. Within the year-ago quarter, the corporate reported a revenue of 15 cents a share.
Working revenues amounted to $1,454 million, up from $982 million within the year-ago quarter. The highest line additionally beat the Zacks Consensus Estimate of $1,163 million.
The underside line has been affected by decrease pure fuel manufacturing and a decline in commodity value, partially offset by file quarterly oil volumes.
Chesapeake’s manufacturing within the reported quarter was roughly 45 million barrels of oil equal (MMBoe), down from 48 MMBoe a 12 months in the past. The full manufacturing comprised 11 million barrels (MMbbls) of oil (up 38% 12 months over 12 months), 185 billion cubic ft of pure fuel (down 12%) and three MMbbls of pure fuel liquids (NGLs) (down 40%). Importantly, the each day oil manufacturing of 122 MBbl through the June quarter represents the very best quantity of crude produced in any quarter by the upstream…