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CHK financials out:

http://tinyurl.com/2hfs46

Chesapeake fourth-quarter earnings rise 29%

Last Update: 4:22 PM ET Feb 22, 2007


HOUSTON (MarketWatch) -- Chesapeake Energy Corp. (CHK : Chesapeake Energy Corporation
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Last: 29.58+0.24+0.82%

4:08pm 02/22/2007

CHK29.58, +0.24, +0.8%) reported Thursday higher fourth-quarter profit and revenue from the year-ago period. Net income rose 29% to $418.4 million, or 96 cents per share, from $323.5 milion, or $1.11 per share. Revenue climbed to $1.9 billion from $1.8 billion a year ago. The quarterly results included an unrealized mark-to- market gain of $27 million resulting from the company's oil and natural gas and interest rate hedging program. Analysts expected the Oklahoma City-based natural gas producer to show earnings of 77 cents per share on revenue $1.5 billion, according to Thomson Financial.