Chesapeake Energy reported 2011 fourth quarter net income of $429 million, ebitda of $1.375 billion and operating cash flow of $1.311 billion on revenue of $2.727 billion and production of 331 billion cubic feet of natural gas equivalent (bcfe).
For the 2011 full year, Chesapeake reported net income of $1.570 billion , ebitda of $4.847 billion and operating cash flow of $5.309 billion on revenue of $11.635 billion and production of 1.194 trillion cubic feet of natural gas equivalent.
The company’s 2011 fourth quarter and full year results include realized natural gas and liquids hedging gains of $315 million and $1.554 billion.
Chesapeake also reported adjusted net income of $394 million and adjusted ebitda of $1.308 billion, and for the 2011 full year, Chesapeake reported adjusted net income of $1.936 billion and adjusted ebitda of $5.406 billion.
The primary excluded items and their effects on the 2011 fourth quarter and full year reported results are detailed as follows:
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LNG World News Staff, February 22, 2012