Reply #29: Frontier Oil earns $1.91 vs. 43 cents [View All]

[UpInArms]

http://www.marketwatch.com/news/newsfinder/pulseone.asp?siteid=mktw&guid=%7B8CFE9FE3-B02C-4EA8-ACBD-67AF69F9C744%7D&

NEW YORK (MarketWatch) -- Frontier Oil Corp. on Thursday reported its most-profitable quarter ever with earnings of $109.2 million, or $1.91 a share, compared to $23.8 million, or 43 cents a share in the same period a year ago. Revenue grew to $2.85 billion, compared with $2.06 billion a year ago. Frontier said "outstanding" diesel and gasoline crack spreads, wide crude oil differentials and improved refinery utilization fueled results despite outages from hurricanes. The average estimate of analysts polled by Thomson First Call was for earnings of $1.57 in the quarter. Shares in the Houston-based refiner rose $1.31 to $38.04 on Wednesday