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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 648M | 28.3% |
| Gross Profit | 609M | 40% |
| Cost of Revenue | 39M | 44.3% |
| Operating expense | 39M | 45.1% |
| Net Income | -114M | 49.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 13.4B | 1.6% |
| Total Liabilities | 3.2B | 1.1% |
| Total Equity | 10.2B | 1.8% |
| Shares Outstanding | 134M | 2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 422M | 101.9% |
| Cash from investing | -319M | 19.9% |
| Cash from financing | -78M | 23.5% |
EPS
Financial Highlights for Chesapeake Energy in Q3 '24
Chesapeake Energy reported a revenue of 648M, which is a 28.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 609M, marking a 40% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 39M, a -44.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 39M, showing a -45.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -114M, showing a 49.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Chesapeake Energy with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
