Orca Energy Group (CVE:ORC.B) Full Year 2023 Results
Key Financial Results
- Revenue: US$110.2m (down 6.7% from FY 2022).
- Net income: US$7.01m (down 75% from FY 2022).
- Profit margin: 6.4% (down from 24% in FY 2022). The decrease in margin was primarily driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Orca Energy Group Earnings Insights
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Orca Energy Group (1 is concerning!) that you should be aware of.
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About TSXV:ORC.B
Orca Energy Group
Engages in the exploration, development, production, and supply of petroleum and natural gas to the power and industrial sectors in Tanzania.
Flawless balance sheet slight.
