Daily Blog

Q2 2023 Gas-Weighted E&Ps Earnings & Cash Flow

(Note: Each column is sortable by clicking once or twice on the column title. For example, clicking on "Revenue" will rank the companies either low-to-high or high-to-low.)

2nd Quarter 2023 ($in Millions)

Company Ticker Revenue Lifting Costs Production Costs Prod. Taxes DD&A Impair. Explor. Pre-tax income Cash flow
Antero Resources  AR $893 $729 $693 $36 $171 $23 $1 ($32) $164
Chesepeake Energy CHK  $649 $336 $296 $40 $376 $0 $8 ($71) $313
CNX Resources CNX $257 $106 $101 $5 $104 $0 $2 $45 $151
Comstock Resources CRK $230 $99 $79 $20 $140 $0 $0 ($9) $131
Coterra Energy CTRA $1,191 $451 $388 $63 $395 $0 $5 $340 $740
EQT Corp. EQT $848 $578 $578 $0 $396 $5 $1 ($132) $270
GulfPort Energy GPOR $208 $110 $102 $8 $80 $0 $0 $18 $98
National Fuel Gas NFG $217 $67 $64 $2 $61 $0 $0 $89 $150
Range Resources RRC $468 $299 $292 $7 $85 $26 $7 $52 $170
Silverbow Resources SBOW $126 $41 $32 $9 $50 $0 $0 $36 $86
Southwestern Energy SWN $796 $476 $418 $58 $328 $0 $0 ($8) $320
Total   $5,883 $3,291 $3,043 $248 $2,186 $54 $24 $328 $2,592

Source: Oil & Gas Financial Analytics, LLC

2nd Quarter 2023 ($/boe)

Company Ticker Revenue Lifting Costs Production Costs Prod. Taxes DD&A Impair. Explor. Pre-tax income Cash flow
Antero Resources  AR $17.32 $14.14 $13.44 $0.70 $3.32 $0.45 $0.01 -$0.61 $3.18
Chesepeake Energy CHK  $11.71 $6.06 $5.34 $0.72 $6.78 $0.00 $0.14 -$1.28 $5.65
CNX Resources CNX $11.49 $4.76 $4.51 $0.24 $4.64 $0.00 $0.08 $2.02 $6.74
Comstock Resources CRK $10.91 $4.70 $3.77 $0.93 $6.65 $0.00 $0.00 -$0.45 $6.21
Coterra Energy CTRA $19.70 $7.46 $6.42 $1.04 $6.53 $0.00 $0.08 $5.62 $12.24
EQT Corp. EQT $10.81 $7.37 $7.37 $0.00 $5.04 $0.07 $0.02 -$1.68 $3.44
GulfPort Energy GPOR $13.19 $6.96 $6.46 $0.50 $5.08 $0.00 $0.00 $1.14 $6.23
National Fuel Gas NFG $13.71 $4.22 $4.07 $0.15 $3.83 $0.00 $0.00 $5.66 $9.49
Range Resources RRC $12.28 $7.83 $7.65 $0.18 $2.23 $0.68 $0.19 $1.36 $4.45
Silverbow Resources SBOW $25.27 $8.10 $6.35 $1.75 $9.97 $0.00 $0.00 $7.20 $17.17
Southwestern Energy SWN $11.29 $6.75 $5.93 $0.82 $4.65 $0.00 $0.00 -$0.11 $4.54
Total   $13.54 $7.57 $7.00 $0.57 $5.03 $0.13 $0.05 $0.76 $5.96

Source: Oil & Gas Financial Analytics, LLC