Thread regarding Chesapeake Energy Corp. layoffs

The financial results of the first quarter were less than stellar. The net loss attributable to shareholders was $44 million. Revenues were down 13% compared with the same quarter from a year earlier. Interest expenses remained steady at $161 million, down one million dollars compared with the same quarter from a year earlier. Most of the Q1 report is suggesting that Chesapeake is in for a serious struggle to remain afloat in the longer term. By far the most concerning aspect of the report is the jump in long-term debt, from $7.34 billion in the fourth quarter of 2018, to $9.17 billion in the last quarter. It breaks the trend we saw in the past few quarters of steady declines in the debt burden.