NG Energy International Second Quarter 2024 Earnings: US$0.064 loss per share (vs US$0.023 loss in 2Q 2023)

NG Energy International (CVE:GASX) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$8.57m (up 250% from 2Q 2023).
• Net loss: US$14.3m (loss widened by 390% from 2Q 2023).
• US$0.064 loss per share (further deteriorated from US$0.023 loss in 2Q 2023).

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

NG Energy International Earnings Insights

Looking ahead, revenue is forecast to grow 89% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are up 7.9% from a week ago.

Risk Analysis

Be aware that NG Energy International is showing 3 warning signs in our investment analysis that you should know about...

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