Par Petroleum: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 06:39 PM ET
Last Updated - Jun 21, 2023, 11:10 PM EDT
HOUSTON (AP) — HOUSTON (AP) — Par Petroleum Corp. (PARR) on Wednesday reported first-quarter net income of $237.9 million.
The Houston-based company said it had net income of $3.90 per share. Earnings, adjusted for non-recurring gains, were $2.25 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.91 per share.
The independent oil and gas company posted revenue of $1.69 billion in the period.
