HOUSTON (AP) — HOUSTON (AP) — Ranger Oil Corporation (ROCC) on Wednesday reported fourth-quarter net income of $50.3 million.
The Houston-based company said it had profit of $2.56 per share. Earnings, adjusted for non-recurring costs, came to $4.98 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.82 per share.
The company posted revenue of $269.2 million in the period.
For the year, the company reported profit of $217.7 million, or $10.53 per share. Revenue was reported as $1.15 billion.
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