Yangarra Resources First Quarter 2024 Earnings: EPS: CA$0.094 (vs CA$0.17 in 1Q 2023)

Yangarra Resources (TSE:YGR) First Quarter 2024 Results

Key Financial Results

• Revenue: CA$37.8m (down 14% from 1Q 2023).
• Net income: CA$9.03m (down 39% from 1Q 2023).
• Profit margin: 24% (down from 34% in 1Q 2023).
• EPS: CA$0.094 (down from CA$0.17 in 1Q 2023).

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

Yangarra Resources Earnings Insights

Looking ahead, revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 5.7%.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 4.1% from a week ago.

Risk Analysis

Be aware that Yangarra Resources is showing 3 warning signs in our investment analysis that you should know about...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Simply Wall St analyst Simply Wall St and Simply Wall St have no position in any of the companies mentioned. This article 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.