Athabasca Oil Full Year 2023 Earnings: Misses Expectations

Athabasca Oil (TSE:ATH) Full Year 2023 Results

Key Financial Results

• Revenue: CA$1.20b (down 11% from FY 2022).
• Net loss: CA$51.2m (down by 109% from CA$572.3m profit in FY 2022).
• CA$0.088 loss per share (down from CA$1.01 profit in FY 2022).

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

Athabasca Oil Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 29%.

The company's shares are up 6.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Athabasca Oil's balance sheet and an in-depth analysis of the company's financial position.

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