Chesapeake Energy reported improved results that handily topped forecasts, pushing shares of the company higher in late trading.
The natural gas company reported first-quarter adjusted earnings of 82 cents a share. Chesapeake earned 46 cents a share during the same period a year earlier.
Sales for the most recent quarter rose to $2.8 billion, up from $2 billion last year.
The company was seen earning 70 cents a share on revenue of $2.37 billion, according to a consensus estimate from Thomson Reuters.
Shares of Chesapeake were up moderately in extended trading Tuesday. The shares closed at $23.63 in the regular New York Stock Exchange session. Volume exceeded 12 million shares before the closing bell.