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MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, DOWNBEAT GDP

Caterpillar sinks 7% after earnings, management sees weakness in Europe, Asia-Pacific

Pine Cliff Energy Full Year 2022 Earnings: EPS: CA$0.31 (vs CA$0.24 in FY 2021)

Simply Wall St
·1 min read

Pine Cliff Energy (TSE:PNE) Full Year 2022 Results

Key Financial Results

  • Revenue: CA$274.7m (up 82% from FY 2021).

  • Net income: CA$108.9m (up 34% from FY 2021).

  • Profit margin: 40% (down from 54% in FY 2021). The decrease in margin was driven by higher expenses.

  • EPS: CA$0.31 (up from CA$0.24 in FY 2021).

PNE Production and Reserves

Oil Reserves and Sales Price

  • Proven reserves: 2.694 MMbbls.

  • Average sales price/bbl: US$109.

Gas Reserves and Sales Price

  • Proven reserves: 247.432 Bcf.

  • Average sales price/mcf: US$5.43.

LNG Reserves and Sales Price

  • Proven reserves: 2.933 MMbbls.

  • Average sales price/bbl: US$72.38.

Combined Production and Costs

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  • Oil equivalent production: 7.67 MMboe (6.732 MMboe in FY 2021).

  • Average production cost/Boe: US$11.44 (US$10.08/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

Pine Cliff Energy shares are up 7.9% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Pine Cliff Energy that you need to take into consideration.

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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