Chesapeake Energy Corp. (CHK) on Wednesday reported a fourth-quarter loss of $2.19 billion, after reporting a profit in the same period a year earlier.On a per-share basis, the Oklahoma City-based company said it had a loss of $3.36. Losses, adjusted for one-time gains and costs, were 16 cents per share.The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.The natural gas company posted revenue of $1.27 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $778 million.For the year, the company reported a loss of $14.69 billion, or $22.43 per share, swinging to a loss in the period. Revenue was reported as $5.39 billion.The company's shares closed at $2.19. A year ago, they were trading at $19.71.31967416

Chesapeake Energy Corp. (CHK) on Wednesday reported a fourth-quarter loss of $2.19 billion, after reporting a profit in the same period a year earlier.

On a per-share basis, the Oklahoma City-based company said it had a loss of $3.36. Losses, adjusted for one-time gains and costs, were 16 cents per share.


The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.

The natural gas company posted revenue of $1.27 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $778 million.

For the year, the company reported a loss of $14.69 billion, or $22.43 per share, swinging to a loss in the period. Revenue was reported as $5.39 billion.

The company's shares closed at $2.19. A year ago, they were trading at $19.71.



