HOUSTON (AP) — HOUSTON (AP) — Par Petroleum Corp. (PARR) on Tuesday reported second-quarter earnings of $59.5 million.
The Houston-based company said it had profit of $1.17 per share. Earnings, adjusted for non-recurring costs, were $1.54 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.
The independent oil and gas company posted revenue of $1.89 billion in the period.
_____
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
/A%20concept%20image%20of%20space_%20Image%20by%20Canities%20via%20Shutterstock_.jpg)
/A%20concept%20image%20of%20a%20flying%20car_%20Image%20by%20Phonlamai%20Photo%20via%20Shutterstock_.jpg)
