Orca Energy Group Third Quarter 2024 Earnings: EPS: US$0.10 (vs US$0.013 in 3Q 2023)

Orca Energy Group (CVE:ORC.B) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$24.8m (down 9.5% from 3Q 2023).
• Net income: US$2.09m (up by US$1.83m from 3Q 2023).
• Profit margin: 8.4% (up from 0.9% in 3Q 2023).
• EPS: US$0.10 (up from US$0.013 in 3Q 2023).

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 4.4% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Orca Energy Group (at least 1 which is concerning), and understanding these should be part of your investment process.

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