Par Petroleum: 2Q Earnings Snapshot
HOUSTON (AP) _ Par Petroleum Corp. (PARR) on Tuesday reported second-quarter profit of $16.2 million.
The Houston-based company said it had net income of 35 cents per share. Earnings, adjusted for non-recurring gains, came to 29 cents per share.
The independent oil and gas company posted revenue of $856.4 million in the period.
Par Petroleum shares have declined 10 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.28, an increase of 1 percent in the last 12 months.