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HOUSTON, Nov 2 (Reuters) - Chesapeake Energy Corp said on Monday its quarterly profit fell sharply from a year ago as lower natural gas prices hurt results and the year-ago period was boosted by a large gain related to hedging. Net profit in the quarter was $186 million, or 30 cents per share, compared with $3.29 billion, or $5.62 per share in the same period a year ago. Excluding one-time items, the Oklahoma City, Oklahoma company had earnings of $440 million, or 70 cents per share. On that basis, analysts on average had expected a profit of 65 cents per share, according to Thomson Reuters I/B/E/S. Revenue in the quarter was $1.81 billion, down from $7.49 billion a year ago. Analysts had expected revenue of $1.96 billion for the 2009 third quarter. (Reporting by Anna Driver in Houston; editing by Andre Grenon) Keywords: CHESAPEAKE/ (anna.driver@thomsonreuters.com +1 713 210 8509; Reuters Messaging: anna.driver.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
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