UPDATE 1-Anadarko Q3 better-than-expected, stock up 1.4 pct

* Q3 loss ex-items 11 cts/share vs 33 cts loss expected

* Oil and gas output rises to 57 mln boe vs 51 mln yr ago

* Now expects full-year output of 220 mln boe

* Shares rise 1.4 pct

SAN FRANCISCO, Nov 2 - Anadarko Petroleum Corp reported better-than-expected third-quarter results as increased production offset weakness in natural gas and crude oil prices.

Anadarko made a third-quarter net profit of $200 million, or 40 cents per share, compared with $2.17 billion, or $4.58 per share, the company said on Monday.

Excluding one-time items worth 51 cents per share, Anadarko had a loss of $51 million, or 11 cents per share. Analysts, on average, had expected the company to report a loss of 33 cents per share, according to Thomson Reuters I/B/E/S.

Sales volumes of natural gas, crude oil and natural gas liquids totaled 57 million barrels of oil equivalent (boe) in the third quarter, up from 51 million a year ago and 56 million the prior quarter. The company increased its full-year output estimate to 220 million boe from 210 million previously.

Shares in Houston-based Anadarko rose 1.4 percent to $62.70 following the earnings report after closing 1.5 percent higher at $61.84 on the New York Stock Exchange.