88 Energy Past Earnings Performance
Past criteria checks 0/6
88 Energy's earnings have been declining at an average annual rate of -5.2%, while the Oil and Gas industry saw earnings growing at 36.2% annually. Revenues have been declining at an average rate of 7.9% per year.
Key information
-5.2%
Earnings growth rate
21.9%
EPS growth rate
| Oil and Gas Industry Growth | 32.6% |
| Revenue growth rate | -7.9% |
| Return on equity | -22.9% |
| Net Margin | n/a |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses Breakdown
How 88 Energy makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 0 | -33 | 34 | 0 |
| 31 Mar 24 | 0 | -24 | 25 | 0 |
| 31 Dec 23 | 0 | -14 | 16 | 0 |
| 30 Sep 23 | 0 | -15 | 16 | 0 |
| 30 Jun 23 | 0 | -15 | 16 | 0 |
| 31 Mar 23 | 0 | -43 | 45 | 0 |
| 31 Dec 22 | 0 | -71 | 74 | 0 |
| 30 Sep 22 | 0 | -70 | 74 | 0 |
| 30 Jun 22 | 0 | -70 | 74 | 0 |
| 31 Mar 22 | 2 | -36 | 40 | 0 |
| 31 Dec 21 | 4 | -2 | 6 | 0 |
| 30 Sep 21 | 4 | -10 | 5 | 0 |
| 30 Jun 21 | 4 | -18 | 5 | 0 |
| 31 Mar 21 | 2 | -20 | 4 | 0 |
| 31 Dec 20 | 0 | -22 | 3 | 0 |
| 30 Sep 20 | -1 | -17 | 4 | 0 |
| 30 Jun 20 | -2 | -11 | 4 | 0 |
| 31 Mar 20 | -1 | -24 | 3 | 0 |
| 31 Dec 19 | 0 | -37 | 3 | 0 |
| 30 Sep 19 | 1 | -34 | 3 | 0 |
| 30 Jun 19 | 2 | -32 | 3 | 0 |
| 31 Mar 19 | 1 | -19 | 3 | 0 |
| 31 Dec 18 | 0 | -6 | 3 | 0 |
| 30 Sep 18 | 0 | -6 | 3 | 0 |
| 30 Jun 18 | 0 | -6 | 3 | 0 |
| 31 Mar 18 | 0 | -7 | 4 | 0 |
| 31 Dec 17 | 0 | -8 | 5 | 0 |
| 30 Sep 17 | 0 | -8 | 5 | 0 |
| 30 Jun 17 | 0 | -7 | 5 | 0 |
| 31 Mar 17 | 0 | -8 | 5 | 0 |
| 31 Dec 16 | 0 | -9 | 4 | 0 |
| 30 Sep 16 | 0 | -10 | 4 | 0 |
| 30 Jun 16 | 0 | -11 | 4 | 0 |
| 31 Mar 16 | 0 | -9 | 5 | 0 |
| 31 Dec 15 | 0 | -6 | 5 | 0 |
| 30 Sep 15 | 0 | -16 | 6 | 0 |
| 30 Jun 15 | 0 | -26 | 6 | 0 |
| 31 Mar 15 | 0 | -27 | 7 | 0 |
| 31 Dec 14 | 0 | -28 | 7 | 0 |
| 30 Sep 14 | 0 | -19 | 7 | 0 |
| 30 Jun 14 | 1 | -10 | 7 | 0 |
| 31 Mar 14 | 1 | -8 | 6 | 0 |
| 31 Dec 13 | 1 | -7 | 5 | 0 |
Quality Earnings: 88E is currently unprofitable.
Growing Profit Margin: 88E is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 88E is unprofitable, and losses have increased over the past 5 years at a rate of 5.2% per year.
Accelerating Growth: Unable to compare 88E's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 88E is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-48%).
Return on Equity
High ROE: 88E has a negative Return on Equity (-22.93%), as it is currently unprofitable.