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Chesapeake Granite Wash posts 2Q profit

AUSTIN, Texas (AP) _ Chesapeake Granite Wash Trust (CHKR) on Friday reported second-quarter net income of $3.5 million.

The Austin, Texas-based company said it had net income of 10 cents per share.

The owner of royalty interests in oil and natural gas properties posted revenue of $4.5 million in the period.

The company's shares closed at $2.40. A year ago, they were trading at $1.96.


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


Keywords: Chesapeake Granite Wash, Earnings Report