HOUSTON (AP) — HOUSTON (AP) — Par Petroleum Corp. (PARR) on Tuesday reported fourth-quarter net income of $77.7 million.
The Houston-based company said it had profit of $1.53 per share. Earnings, adjusted for non-recurring gains, came to $1.17 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The independent oil and gas company posted revenue of $1.81 billion in the period.
For the year, the company reported profit of $369.4 million, or $7.16 per share. Revenue was reported as $7.46 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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