Touchstone Exploration Reports Third Quarter 2023 Earnings

Touchstone Exploration (TSE:TXP) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$8.51m (up 30% from 3Q 2022).
• Net income: US$988.0k (up from US$778.0k loss in 3Q 2022).
• Profit margin: 12% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue.

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

Touchstone Exploration Earnings Insights

Looking ahead, revenue is forecast to grow 69% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 4.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Touchstone Exploration that you should be aware of.

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