PANHANDLE OIL AND GAS INC. Reports Third Quarter And Nine Months 2019 Results

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Go back to PANHANDLE OIL AND GAS INC. Reports Third Quarter And Nine Months 2019 Results

Panhandle Oil And Gas (PHX) Tops Q3 EPS by 25c, Revenues Beat

August 8, 2019 5:20 PM EDT

Panhandle Oil And Gas (NYSE: PHX) reported Q3 EPS of $0.28, $0.25 better than the analyst estimate of $0.03. Revenue for the quarter came in at $16.34 million versus the consensus estimate of $10.52 million.

HIGHLIGHTS FOR THE PERIODS ENDED JUNE 30, 2019

Net income in the first nine months of 2019 grew to $15.4 million or $0.92 per share, as compared to $14.1 million or $0.83 per share in the same period of 2018. Adjusted pre-tax net income(1) increased 183% in the first nine months of 2019 to $14.0 million or $0.83 per share, as compared to $5.0 million or $0.29 per share in the first nine months of... More