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Transglobe: 4Q Earnings Snapshot

CALGARY, Alberta (AP) _ Transglobe Energy Corp. (TGA) on Wednesday reported fourth-quarter net income of $30.7 million, after reporting a loss in the same period a year earlier.

The Calgary, Alberta-based company said it had net income of 43 cents per share. Earnings, adjusted for non-recurring gains, were 20 cents per share.

The oil and gas company posted revenue of $72.6 million in the period.

For the year, the company reported net income of $15.7 million, or 22 cents per share, swinging to a profit in the period. Revenue was reported as $299.1 million.

The company's shares closed at $2.12. A year ago, they were trading at $1.31.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TGA at https://www.zacks.com/ap/TGA