Summary
Chesapeake Energy Corporation (EXE) filed this Form 8-K on April 29, 2003, to report on its consolidated results of operations and financial condition for the quarterly period ended March 31, 2003. The filing also includes an updated 2003 outlook for the company, as detailed in a press release issued on April 28, 2003, which is attached as Exhibit 99. Investors should note that the press release contains financial measures such as "operating cash flow" and "EBITDA" which are considered non-GAAP financial measures. The company provides reconciliations for these measures to "cash flow from operating activities," the most directly comparable GAAP measure. The updated outlook is based on information available as of April 28, 2003, and Chesapeake Energy is not obligated to update these estimates.
Key Highlights
- 1Filing reports on financial results for the quarter ended March 31, 2003.
- 2Includes an updated 2003 outlook for Chesapeake Energy Corporation.
- 3Press release issued on April 28, 2003, is included as Exhibit 99.
- 4Disclosure of non-GAAP financial measures such as operating cash flow and EBITDA.
- 5Reconciliation of non-GAAP measures to GAAP measures (cash flow from operating activities) is provided.
- 6Updated outlook is based on current information as of April 28, 2003.
- 7Company states no obligation to update future outlook as conditions or information change.