Stock Analysis

Gibson Energy First Quarter 2024 Earnings: EPS: CA$0.25 (vs CA$0.62 in 1Q 2023)

Published
TSX:GEI

Gibson Energy (TSE:GEI) First Quarter 2024 Results

Key Financial Results

  • Revenue: CA$3.29b (up 39% from 1Q 2023).
  • Net income: CA$40.5m (down 54% from 1Q 2023).
  • Profit margin: 1.2% (down from 3.7% in 1Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CA$0.25 (down from CA$0.62 in 1Q 2023).
TSX:GEI Earnings and Revenue Growth May 1st 2024

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

Gibson Energy Earnings Insights

Looking ahead, revenue is expected to decline by 28% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 4.0%.

Performance of the Canadian Oil and Gas industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 5 warning signs for Gibson Energy (1 can't be ignored!) that 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.