Texas Health Resources' net income quadruples in first half of 2019

Arlington-based Texas Health Resources' net income increased year over year in the first half of 2019 due to higher investment gains, according to unaudited financial documents.

Texas Health Resources reported operating revenues of $2.33 billion in the first half of 2019, up 1.2 percent from $2.3 billion in the same period of the year prior. However, higher expenses offset the system's revenue gains. Texas Health Resources' expenses grew from $2.19 billion in the first of 2018 to $2.22 billion in the first six months of this year, a 1.5 percent year-over-year increase.

The system ended the first half of this year with operating income of nearly $109 million, down from $114.12 million in the same period of 2018.

After factoring in nonoperating gains, which jumped more than six-fold year over year primarily due to investment income, Texas Health Resources ended the first six months of 2019 with net income of $703.35 million. That's up from net income of $156.27 million in the same period a year earlier.

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