InPlay Oil Full Year 2022 Earnings: EPS: CA$0.96 (vs CA$1.65 in FY 2021)

InPlay Oil (TSE:IPO) Full Year 2022 Results

Key Financial Results

• Revenue: CA$200.2m (up 96% from FY 2021).
• Net income: CA$83.9m (down 27% from FY 2021).
• Profit margin: 42%.
• EPS: CA$0.96 (down from CA$1.65 in FY 2021).

IPO Production

Oil Sales Price

• Average sales price/bbl (hedged): US$119.

Gas Sales Price

• Average sales price/mcf (hedged): US$5.74.

LNG Sales Price

• Average sales price/bbl (hedged): US$50.14.

Combined Production and Costs

• Oil equivalent production: 3.323 MMboe (2.105 MMboe in FY 2021).
• Average production cost/Boe: US$13.16 (US$12.83/Boe in FY 2021).

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

InPlay Oil Earnings Insights

Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 1.5% decline forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 8.8% from a week ago.

Risk Analysis

We should say that we've discovered 5 warning signs for InPlay Oil (1 doesn't sit too well with us!) that you should be aware of before investing here.

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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.