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What To Expect From Chesapeake's Q3 Earnings

The recent rally in oil prices has helped pull up shares of Chesapeake Energy (NYSE:CHK) in the past couple of weeks. But the company will still need to improve its operations. The company will release its Q3 earnings report on November 3rd. Analysts expect the company's loss per share will reach $0.14 in Q3, which is lower sequentially - back in Q2, the loss was $0.11 per share. CHK is likely to show lower production and realized prices. Let's consider some of the following points related to this upcoming earnings release.

What's the cash flow situation?

Since the oil and natural gas market remain soft as indicated by their current low prices, the company will still have to find ways to improve its operations and become more efficient. This also means it will have to squeeze out more cash.

Source: Google finance

The chart above compares the operating cash flow to revenue ratio of Chesapeake Energy with other mid-cap U.S. oil producers including Marathon Oil (NYSE:MRO) and Devon Energy (NYSE:DVN) during the first...