Here's Why Chesapeake Energy Shares are Higher in Thursday's Session

Shares of Chesapeake Energy (CHK) - Get Report were higher on Thursdayafter posting third quarter results that topped Wall Street forecasts. Overall, the natural gas company reported a loss $1.17 billion for the period. But adjusted earnings of $0.09 surpassed analysts' expectations for a loss of $0.03 a share. Revenue of $2.28 billion for the period also beat estimates. Revenue for oil and natural gas came in at $1.18 billion. CEO Doug Lawler says Chesapeake continues to make progress reducing leverage, decreasing total cash costs and improving future midstream expenses.

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