Triangle Energy (Global) Past Earnings Performance

Past criteria checks 0/6

Triangle Energy (Global)'s earnings have been declining at an average annual rate of -9.6%, while the Oil and Gas industry saw earnings growing at 32.8% annually. Revenues have been growing at an average rate of 6% per year.

Key information

-9.6%

Earnings growth rate

20.4%

EPS growth rate

Oil and Gas Industry Growth	32.6%
Revenue growth rate	6.0%
Return on equity	-479.2%
Net Margin	-110.3%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

A Piece Of The Puzzle Missing From Triangle Energy (Global) Limited's (ASX:TEG) Share Price

Jul 03

Revenue & Expenses Breakdown
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How Triangle Energy (Global) makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

ASX:TEG Revenue, expenses and earnings (AUD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	14	-16	11
30 Sep 23	14	-7	11
30 Jun 23	14	1	11
31 Mar 23	17	3	10
31 Dec 22	20	6	10
30 Sep 22	20	-1	8
30 Jun 22	19	-8	7
31 Mar 22	15	-4	6
31 Dec 21	10	0	5
30 Sep 21	8	-2	5
30 Jun 21	7	-4	5
31 Mar 21	7	-6	4
31 Dec 20	8	-9	4
30 Sep 20	10	-6	4
30 Jun 20	12	-4	4
31 Mar 20	14	-2	4
31 Dec 19	15	0	4
30 Sep 19	14	-1	3
30 Jun 19	13	-2	3
31 Mar 19	13	-2	3
31 Dec 18	13	-2	3
30 Sep 18	13	-4	4
30 Jun 18	14	-6	4
31 Mar 18	14	-5	4
31 Dec 17	15	-5	4
30 Sep 17	16	-5	4
30 Jun 17	16	-5	5
31 Dec 16	7	-6	4
30 Sep 16	3	-3	2
30 Jun 16	0	0	0
31 Dec 15	-1	2	0
30 Sep 15	0	0	1
30 Jun 15	0	-1	1
31 Mar 15	2	-3	0
31 Dec 14	3	-3	0
30 Sep 14	4	-3	0
30 Jun 14	5	-3	0
31 Mar 14	5	-4	0
31 Dec 13	5	-4	0
30 Sep 13	6	-4	0
30 Jun 13	7	-4	0

Quality Earnings: TEG is currently unprofitable.

Growing Profit Margin: TEG is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TEG is unprofitable, and losses have increased over the past 5 years at a rate of 9.6% per year.

Accelerating Growth: Unable to compare TEG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TEG is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-41.1%).

Return on Equity

High ROE: TEG has a negative Return on Equity (-479.24%), as it is currently unprofitable.

Triangle Energy (Global) Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

First half 2024 earnings released: AU$0.004 loss per share (vs AU$0.009 profit in 1H 2023)

Full year 2023 earnings released: EPS: AU$0.001 (vs AU$0.007 loss in FY 2022)

First half 2023 earnings released: EPS: AU$0.009 (vs AU$0.001 loss in 1H 2022)

Full year 2022 earnings released: AU$0.007 loss per share (vs AU$0.007 loss in FY 2021)

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Full year 2021 earnings released: AU$0.007 loss per share (vs AU$0.011 loss in FY 2020)

Recent updates

Triangle Energy Global Ltd and New Zealand Oil and Gas Ltd. Commence Drilling of the Booth-1 Well in the North Perth Basin

First half 2024 earnings released: AU$0.004 loss per share (vs AU$0.009 profit in 1H 2023)

New minor risk - Profitability

Triangle Energy (Global) Limited, Annual General Meeting, Apr 04, 2024

Triangle Energy (Global) Limited has filed a Follow-on Equity Offering in the amount of AUD 5.06 million.

Triangle Energy (Global) Limited has filed a Follow-on Equity Offering in the amount of AUD 1.516749 million.

Triangle Energy (Global) Limited Identifies Significant Oil Exploration Potential in Its Perth Basin Acreage

MD & Director exercised options to buy AU$182k worth of stock.

Triangle Energy (Global) Limited, Annual General Meeting, Nov 22, 2023

Full year 2023 earnings released: EPS: AU$0.001 (vs AU$0.007 loss in FY 2022)

A Piece Of The Puzzle Missing From Triangle Energy (Global) Limited's (ASX:TEG) Share Price

First half 2023 earnings released: EPS: AU$0.009 (vs AU$0.001 loss in 1H 2022)

No independent directors

Triangle Energy (Global) Limited, Annual General Meeting, Nov 24, 2022

Triangle Energy (Global) Limited (ASX:TEG) completed the acquisition of Production License L7 (R1) and Exploration Permit EP 437 from Key Petroleum (Australia) Pty Ltd and Key Midwest Pty Ltd for AUD 1.1 million.

Full year 2022 earnings released: AU$0.007 loss per share (vs AU$0.007 loss in FY 2021)

Triangle Energy (Global) Limited (ASX:TEG) agreed to acquire Key Petroleum (Australia) Pty Ltd and Key Midwest Pty Ltd from Key Petroleum Limited (ASX:KEY) for AUD 1,1 Million.

Triangle Energy (Global) SHS to Be Deleted from OTC Equity

Triangle Energy (Global) Limited and Pilot Energy Limited Provide Update on Cliff Head Joint Venture

Triangle Energy (Global) Limited Announces Completion of Perth Basin Permit L7 - 3D Seismic Survey

Triangle Energy (Global) Limited Announces L7 Permit Seismic Survey Commences

No independent directors

Triangle Energy (Global) Limited Reviews and Reworked the Highly Prospective L7 Permit

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Less than half of directors are independent

Triangle Energy (Global) Limited Appoints Greg Hancock as Non-Executive Chairman of the Company

Triangle Energy (Global) Limited Board Appointments

Triangle Energy (Global) Limited Announces Resignation of Robert Towner as Chief Executive Officer

Full year 2021 earnings released: AU$0.007 loss per share (vs AU$0.011 loss in FY 2020)

Less than half of directors are independent

Triangle Energy (Global) Limited Provides Cliff Head Operations Update

Triangle Energy (Global) Limited Completes Review of the Prospects and Leads Portfolio Within the L7(R1) Licence (L7)

Triangle Energy (Global) Limited has completed a Follow-on Equity Offering in the amount of AUD 0.12 million.

Triangle Energy (Global) Limited announced that it expects to receive AUD 10 million in funding

Triangle Energy (Global) Limited (ASX:TEG) completed the acquisition of 78.75% stake in Offshore Perth Basin exploration permit WA-481-P from Pilot Energy Limited (ASX:PGY).

First half 2021 earnings released: AU$0.011 loss per share (vs AU$0.001 loss in 1H 2020)

Triangle Energy (Global) Limited Provides Cliff Head Resources, Well Planning and Farmout Update

Triangle Energy (Global) Limited (ASX:TEG) entered into a sale and purchase agreement to acquire unknown majority stake in Production Licence L7 (R1) and Exploration Permit EP 437 from Key Petroleum (Australia) Pty Ltd and Key Midwest Pty Ltd for AUD 0.6 million.

Triangle Energy (Global) Limited Announces Update in Relation to BP Kwinana Refinery

Triangle Energy (Global) Limited Announces CH-7 well Workover Complete and Production Resumes

Triangle Energy (Global) Limited Announces Production Resumes

Pilot Energy Limited and Triangle Energy (Global) Ltd Enters into a Joint Venture Agreement

Full year earnings released - AU$0.011 loss per share

Triangle Energy (Global) Limited announced that it has received AUD 2.2004 million in funding

Triangle Energy (Global) Limited announced that it expects to receive AUD 2.2004 million in funding

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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Revenue & Expenses Breakdown
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