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Chesapeake Granite Wash: 1Q Earnings Snapshot

HOUSTON — Chesapeake Granite Wash Trust (CHKR) on Wednesday reported first-quarter net income of $3 million.

On a per-share basis, the Houston-based company said it had profit of 6 cents.

The owner of royalty interests in oil and natural gas properties posted revenue of $3.4 million in the period.

The company’s shares closed at $1.39. A year ago, they were trading at $1.75.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHKR at https://www.zacks.com/ap/CHKR

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