Chesapeake Energy, the second largest U.S. producer of natural gas, reported a profit of 38 cents per share on Wednesday, better than expected. The Oklahoma City-based producer said it posted revenue of $5.7 billion in the third quarter, which also topped estimates. The company saw better outputs from wells in Texas, Louisiana and Ohio. Oil and gas outputs averaged 726,000 barrels of oil equivalent per day. Daily production in oil and natural gas rose 5% and 3% respectively compared to a year ago. Looking ahead, Chesapeake thinks it can produce more oil and natural gas. It's targeting 730,000 barrels of oil equivalent per day going forward.