Credo Petroleum Corp. (CRED) Tuesday said its profit for the second quarter grew 342 percent from last year, driven mainly by a 44 percent growth in revenues.
The Denver, Colorado-based company reported a second-quarter net profit of $1.13 million or $0.11 per share, compared to $255 thousand or $0.03 per share last year.
Adjusted income for the quarter rose to $1.24 million or $0.12 per share from $907 thousand or $0.09 per share in the prior-year quarter.
Total revenues for the quarter surged to $5.86 million from $4.07 million in the prior-year quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.