Crescent Point Energy reports $212.3 million profit in second quarter

Crescent Point Energy Corp. reported its second-quarter profit fell to $212.3 million from $331.5 million a year ago as it announced a special cash dividend of 3.5 cents per share.

The company says it earned 39 cents per diluted share for the quarter ended June 30, down from 58 cents per diluted share in the same quarter last year.

Oil and gas sales in the quarter totalled $949.6 million, down from $1.29 billion in the first three months of 2022.

On an adjusted basis, Crescent Point says its adjusted earnings from operations totalled 38 cents per share, down from 47 cents per share a year ago.