NuVista Energy Full Year 2024 Earnings: Beats Expectations

NuVista Energy (TSE:NVA) Full Year 2024 Results

Key Financial Results

• Revenue: CA$1.27b (flat on FY 2023).
• Net income: CA$305.7m (down 17% from FY 2023).
• Profit margin: 24% (down from 29% in FY 2023).
• EPS: CA$1.48 (down from CA$1.70 in FY 2023).

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

NuVista Energy Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 5.3%.

Looking ahead, revenue is forecast to grow 8.6% 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 6.9% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on NuVista Energy's balance sheet.

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