Andeavor said its normalized net income for the second quarter amounted to $4.46 per share, compared with the S&P Capital IQ consensus estimate of $4.02 per share.
EPS increased 169.3% year over year from $1.66.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $563.3 million, an increase of 158.7% from $217.8 million in the prior-year period.
The normalized profit margin increased to 7.0% from 2.0% in the year-earlier period.
Total revenue decreased 26.2% year over year to $8.09 billion from $10.95 billion, and total operating expenses fell 32.9% year over year to $7.07 billion from $10.54 billion.
Reported net income increased 161.0% on an annual basis to $583.5 million, or $4.62 per share, from $223.6 million, or $1.70 per share.
