CALGARY, Alberta (AP) _ Crescent Point Energy Corp. (CPG) on Wednesday reported second-quarter net income of $1.74 billion, after reporting a loss in the same period a year earlier.

On a per-share basis, the Calgary, Alberta-based company said it had profit of $2.97. Earnings, adjusted for one-time gains and costs, came to 16 cents per share.

The oil producer posted revenue of $769.5 million in the period.

The company's shares closed at $3.38. A year ago, they were trading at $1.73.

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