NuVista Energy Second Quarter 2024 Earnings: Beats Expectations

NuVista Energy (TSE:NVA) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$377.0m (up 45% from 2Q 2023).
• Net income: CA$111.0m (up 27% from 2Q 2023).
• Profit margin: 29% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CA$0.54 (up from CA$0.40 in 2Q 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 30%. Earnings per share (EPS) also surpassed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are up 1.3% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for NuVista Energy that you should be aware of before investing here.

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