Husky Energy reports third-quarter profit

CALGARY – Husky Energy Inc. topped expectations as it earned $545 million in its latest quarter, up sharply from $136 million in the same quarter last year.

The energy company says the profit amounted to 53 cents per share for the quarter ended Sept. 30, compared with a profit of 13 cents per share a year ago.

Production in the quarter totalled 297,000 barrels of oil equivalent per day, down from 318,000.

On an adjusted basis, Husky says it earned 57 cents per share in the quarter, up from 14 cents per share in the same quarter last year.