Par Petroleum: Fourth Quarter Financial Overview

Par Petroleum Corp. Announces Fourth Quarter Financial Results

Par Petroleum Corp., headquartered in Houston, revealed a net profit of $77.7 million for the fourth quarter.

The company reported earnings of $1.53 per share, while adjusted earnings, which exclude one-time gains, were $1.17 per share.

These adjusted earnings were slightly below analysts’ expectations, as a consensus of four analysts polled by Zacks Investment Research had anticipated $1.21 per share.

During the quarter, the independent oil and gas firm generated $1.81 billion in revenue.

For the full year, Par Petroleum achieved a net income of $369.4 million, or $7.16 per share, with total revenue reaching $7.46 billion.

Financial data provided by Zacks Investment Research.