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.
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