In the following video, Motley Fool energy analyst Joel South takes a deep look at Chesapeake Energy(CHKA.Q), and what its earnings report means for investors. While the company was forced to take a write-down due to falling natural gas prices, this was only non-cash expense, and does not change the underlying assets, and shouldn't concern investors. The bigger news was Chesapeake beating earnings estimates, growing its overall production, and addressing its cumbersome debt profile, all things that investors should feel positive about.