Yahoo Finance Gibson Energy First Quarter 2024 Earnings: EPS: CA$0.25 (vs CA$0.62 in 1Q 2023)
Gibson Energy (TSE:GEI) First Quarter 2024 Results
Key Financial Results
Revenue: CA$3.29b (up 39% from 1Q 2023).
Net income: CA$40.5m (down 54% from 1Q 2023).
Profit margin: 1.2% (down from 3.7% in 1Q 2023). The decrease in margin was driven by higher expenses.
EPS: CA$0.25 (down from CA$0.62 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Gibson Energy Earnings Insights
Looking ahead, revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 5.7%.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 2.2% from a week ago.
Risk Analysis
We should say that we've discovered 5 warning signs for Gibson Energy (1 makes us a bit uncomfortable!) that you should be aware of before investing here.
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