--> CHK +4.7% very low volume
Chesapeake Energy beats by $0.08, beats on revs
- Reports Q3 (Sep) loss of $0.05 per share, excluding non-recurring items, $0.08 better than the Capital IQ Consensus of ($0.13); revenues fell 49.3% year/year to $2.89 bln vs the $2.79 bln Capital IQ Consensus.
- Adjusted EBITDA was $560 mln in the 2015 third quarter, compared to $1.236 bln in the 2014 third quarter.
- Chesapeake's daily production for the 2015 third quarter averaged ~667,000 barrels of oil equivalent, a YoY increase of 3% adjusted for asset sales.
- Co's 2015 third quarter drilling and completion capital expenditures decreased 41% sequentially to approximately $467 mln.