HOUSTON (AP) — HOUSTON (AP) — Par Petroleum Corp. (PARR) on Tuesday reported a loss of $55.7 million in its fourth quarter.
The Houston-based company said it had a loss of $1.01 per share. Losses, adjusted for non-recurring costs, came to 79 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.03 per share.
The independent oil and gas company posted revenue of $1.83 billion in the period.
For the year, the company reported a loss of $33.3 million, or 59 cents per share. Revenue was reported as $7.97 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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