Horizon Oil Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Horizon Oil (ASX:HZN) Full Year 2024 Results

Key Financial Results

• Revenue: US$111.5m (down 27% from FY 2023).
• Net income: US$25.9m (down 41% from FY 2023).
• Profit margin: 23% (down from 29% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.016 (down from US$0.027 in FY 2023).

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

Horizon Oil EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) exceeded analyst estimates by 5.3%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Oil and Gas industry in Australia.

Performance of the Australian Oil and Gas industry.

The company's shares are up 5.4% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Horizon Oil that you should be aware of.

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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.