trending Market Intelligence /marketintelligence/en/news-insights/trending/sFc6hSxC2D8mEE0AwYzIvg2 content esgSubNav
In This List

Andeavor Q2 profit climbs 158.7% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Andeavor Q2 profit climbs 158.7% YOY

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.