Par Petroleum: Q2 Earnings Snapshot
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HOUSTON (AP) — HOUSTON (AP) — Par Petroleum Corp. (PARR) on Monday reported second-quarter net income of $30 million.
The Houston-based company said it had profit of 49 cents per share. Earnings, adjusted for non-recurring costs, were $1.73 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The independent oil and gas company posted revenue of $1.78 billion in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PARR at https://www.zacks.com/ap/PARR
