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HOUSTON (AP) — HOUSTON (AP) — Par Petroleum Corp. (PARR) on Wednesday reported first-quarter net income of $237.9 million.
The Houston-based company said it had net income of $3.90 per share. Earnings, adjusted for non-recurring gains, were $2.25 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.91 per share.
The independent oil and gas company posted revenue of $1.69 billion in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a PARR">Zacks stock report on PARR at https://www.zacks.com/ap/PARR