August 7, 2018 / 10:11 AM / 2 months ago

Energen's quarterly profit more than doubles

Aug 7 (Reuters) - Oil and gas company Energen Corp on Tuesday reported a quarterly profit that more than doubled, as it capitalized on higher oil prices and a surge in production.

The company's net income jumped to $68.3 million, or 70 cents per share, in the second quarter ended June 30, from $29.5 million, or 30 cents per share, a year earlier.

Total average production increased to 97,400 barrels of oil equivalent per day (boed) from 72,500 boed a year earlier.

Total revenue rose to $339.6 million from $256.8 million. (Reporting by Shanti S Nair in Bengaluru; Editing by Maju Samuel)

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