Yahoo Finance Canacol Energy Second Quarter 2024 Earnings: US$0.62 loss per share (vs US$1.17 profit in 2Q 2023)
Canacol Energy (TSE:CNE) Second Quarter 2024 Results
Key Financial Results
Revenue: US$94.6m (up 22% from 2Q 2023).
Net loss: US$21.3m (down by 153% from US$40.0m profit in 2Q 2023).
US$0.62 loss per share (down from US$1.17 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Canacol Energy Earnings Insights
Looking ahead, revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 2.7%.
Performance of the Canadian Oil and Gas industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Canacol Energy (1 can't be ignored!) that you need to take into consideration.
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