Canacol Energy Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Canacol Energy (TSE:CNE) Full Year 2024 Results

Key Financial Results

• Revenue: US$375.9m (up 19% from FY 2023).
• Net loss: US$32.7m (down by 138% from US$86.2m profit in FY 2023).
• US$0.96 loss per share (down from US$2.53 profit in FY 2023).

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

Canacol Energy Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is expected to decline by 14% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 2.9%.

Performance of the Canadian Oil and Gas industry.

The company's shares are up 1.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Canacol Energy has 1 warning sign we think 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.