Valeura Energy Full Year 2024 Earnings: Beats Expectations

Valeura Energy (TSE:VLE) Full Year 2024 Results

Key Financial Results

• Revenue: US$689.0m (up 58% from FY 2023).
• Net income: US$240.8m (down 1.7% from FY 2023).
• Profit margin: 35% (down from 56% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$2.28 (down from US$2.47 in FY 2023).

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

Valeura Energy Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates significantly.

Looking ahead, revenue is expected to decline by 8.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 2.9%.

Performance of the Canadian Oil and Gas industry.

The company's shares are up 12% from a week ago.

Risk Analysis

Be aware that Valeura Energy is showing 3 warning signs in our investment analysis and 2 of those can't be ignored...

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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.