HOUSTON, May 1 (Reuters) - Chesapeake Energy Corp. on Thursday reported a first-quarter net loss related to hedges, compared with a year-ago profit.

Chesapeake, based in Oklahoma City, Oklahoma, had a net loss available to shareholders of $143 million, or 29 cents per diluted share, compared with a profit of $232 million or 50 cents per diluted share in the same period a year earlier.

Revenue was nearly flat at $1.6 billion.