Athabasca Oil Full Year 2024 Earnings: Beats Expectations

Athabasca Oil (TSE:ATH) Full Year 2024 Results

Key Financial Results

• Revenue: CA$1.36b (up 14% from FY 2023).
• Net income: CA$467.7m (up from CA$51.2m loss in FY 2023).
• Profit margin: 35% (up from net loss in FY 2023).
• EPS: CA$0.85 (up from CA$0.088 loss in FY 2023).

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

Athabasca Oil Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 63%.

The primary driver behind last 12 months revenue was the Athabasca (Thermal Oil) segment contributing a total revenue of CA$1.34b (99% of total revenue). Notably, cost of sales worth CA$738.1m amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to CA$115.1m (60% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CA$41.8m. Explore how ATH's revenue and expenses shape its earnings.

The company's shares are up 7.9% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Athabasca Oil you should be aware of, and 1 of them can't be ignored.

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