Chesapeake Energy misses quarterly profit estimates as natgas prices remain low

Reuters05-01

April 30 (Reuters) - Natural gas producer Chesapeake Energy Corp missed Wall Street estimates for first-quarter profit on Tuesday as persistently low natural gas prices weighed down on the company's top-line results.

The company's adjusted profit was 56 cents per share for the three months ended March 31, compared with analysts' average estimate of 60 cents per share, according to LSEG data.

(Reporting by Saikeerthi in Bengaluru; Editing by Alan Barona)

((Saikeerthi@thomsonreuters.com;))

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