Par Petroleum: Q4 Earnings Snapshot

Associated Press Finance
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HOUSTON (AP) — HOUSTON (AP) — Par Petroleum Corp. (PARR) on Tuesday reported fourth-quarter net income of $289.3 million.

The Houston-based company said it had net income of $4.77 per share. Earnings, adjusted for non-recurring gains, came to $1.08 per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.

The independent oil and gas company posted revenue of $2.18 billion in the period.

For the year, the company reported profit of $728.6 million, or $11.94 per share. Revenue was reported as $8.23 billion.

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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

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