5 Most Profitable Natural Gas Stocks

4. Chesapeake Energy Corporation (NASDAQ:CHK)

Trailing Twelve Months Net Income: $2.7 billion

Number of Hedge Fund Holders In Q3 2022: 70

Chesapeake Energy Corporation (NASDAQ:CHK) is an American oil and gas exploration and production company based in Oklahoma City, Oklahoma. The firm’s production interests are located primarily in Louisiana and Texas, in areas including Haynesville and the Appalachian Basin. It had 661 million barrels of oil equivalent reserves as of December 2021, and thousands of wells all over the U.S.

During the first nine months of last year, Chesapeake Energy Corporation (NASDAQ:CHK) produced 3.9 billion cubic feet equivalent of oil, natural gas, and natural gas liquids. The Marcellus and Haynesville production sites were the primary natural gas production areas. Out of this, the bulk was represented by natural gas as it accounted for 3.56 billion cubic feet of the total production.  70 of the 920 hedge funds part of Insider Monkey’s Q3 2022 survey had bought the firm’s shares.

Howard Marks’ Oaktree Capital Management is Chesapeake Energy Corporation (NASDAQ:CHK)’s largest investor. It has a $923 million stake that comes courtesy of 9.8 million shares.