Bonterra Energy Third Quarter 2024 Earnings: Misses Expectations

Bonterra Energy (TSE:BNE) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$62.0m (down 17% from 3Q 2023).
• Net income: CA$4.26m (down 68% from 3Q 2023).
• Profit margin: 6.9% (down from 18% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CA$0.11 (down from CA$0.36 in 3Q 2023).

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

Bonterra Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 45%.

Looking ahead, revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 5.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Bonterra Energy (1 is concerning!) that you should be aware of.

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