Oklahoma-based Chesapeake had warned last month that average
daily production would fall 15 percent in the third quarter
ended Sept. 30, partly due to Hurricane Harvey that hit the U.S.
Gulf Coast late August.
The company's adjusted average sales price rose nearly 16
percent to $52.33 per oil barrel in the quarter.
Net loss available to shareholders narrowed to $41 million, or 5
cents per share, in the quarter from $1.26 billion, or $1.62 per
share, a year earlier.
Operating expenses nearly halved to $1.85 billion.
Excluding items, Chesapeake earned 12 cents per share, beating
analysts' estimate by 1 cent, according to Thomson Reuters
Total revenue fell 14.6 percent to $1.94 billion.
Chesapeake's shares were up 2.5 percent at $4.06 in premarket
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by
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