Kiwetinohk Energy Second Quarter 2024 Earnings: Misses Expectations

Kiwetinohk Energy (TSE:KEC) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$102.9m (up 12% from 2Q 2023).
• Net loss: CA$26.5m (down by 222% from CA$21.7m profit in 2Q 2023).
• CA$0.61 loss per share (down from CA$0.49 profit in 2Q 2023).

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

Kiwetinohk Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 16%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 6.2% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Kiwetinohk Energy.

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