Chesapeake’s 2Q earnings report to be released July 29

At the end of the month, investors in Oklahoma City’s Chesapeake Energy Corporation will learn just how well the energy firm performed in the second quarter of the year…this while the company waits on federal approval of its merger with Southwestern Energy.

Chesapeake plans a release of the operational and financial results after the market closes on Monday, July 29. Its company executives will discuss the results during a conference call scheduled for the next day, Tuesday, July 30 starting at 8 am central time.

In the first quarter, the company reported it had $552 million of operating cash flow and $112 million of adjusted free cash flow.

Chesapeake’s net income was $26 million and 18 cents a share while adjusted net income was $80 million and 56 cents a share.

The company recently completed a merger worth an estimated $7.4 billion with Houston-based Southwestern Energy company. Shareholders in both companies voted in support of the merger but it still needs final approval from the Federal Trade Commission.

Chesapeake had originally anticipated approval in the first half of the year but the FTC called for a further review, delaying the final okay until the second half of the year.