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Cardinal Energy Full Year 2022 Earnings: EPS: CA$1.97 (vs CA$1.98 in FY 2021)

Simply Wall St
·1 min read

Cardinal Energy (TSE:CJ) Full Year 2022 Results

Key Financial Results

  • Revenue: CA$595.8m (up 62% from FY 2021).

  • Net income: CA$302.7m (up 6.4% from FY 2021).

  • Profit margin: 51% (down from 77% in FY 2021). The decrease in margin was driven by higher expenses.

  • EPS: CA$1.97.

CJ Production

Gas Sales Price

  • Average sales price/mcf: US$5.65.

Combined Production and Costs

  • Oil equivalent production: 7.837 MMboe (6.968 MMboe in FY 2021).

  • Average production cost/Boe: US$24.88 (US$22.22/Boe in FY 2021).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cardinal Energy Earnings Insights

Looking ahead, revenue is expected to fall by 2.7% p.a. on average during the next 3 years compared to a 1.4% decline forecast for the Oil and Gas industry in Canada.

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Performance of the Canadian Oil and Gas industry.

The company's shares are up 2.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Cardinal Energy that you need to be mindful of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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