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Andeavor Q3 profit climbs 224.0% YOY

Andeavor said its normalized net income for the third quarter came to $3.18 per share, compared with the S&P Capital IQ consensus estimate of $3.01 per share.

EPS increased 144.9% year over year from $1.30.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $501.8 million, an increase of 224.0% from $154.9 million in the prior-year period.

The normalized profit margin increased to 5.2% from 2.4% in the year-earlier period.

Total revenue increased 50.8% year over year to $9.64 billion from $6.40 billion, and total operating expenses rose 43.9% on an annual basis to $8.69 billion from $6.04 billion.

Reported net income grew 222.8% from the prior-year period to $550.7 million, or $3.49 per share, from $170.6 million, or $1.43 per share.