Reconnaissance Energy Africa Past Earnings Performance
Past criteria checks 3/6
Reconnaissance Energy Africa's earnings have been declining at an average annual rate of -25.8%, while the Oil and Gas industry saw earnings growing at 39.3% annually. Revenues have been growing at an average rate of 66.3% per year. Reconnaissance Energy Africa's return on equity is 24.6%, and it has net margins of 676.5%.
Key information
-25.8%
Earnings growth rate
-17.0%
EPS growth rate
| Oil and Gas Industry Growth | 42.1% |
| Revenue growth rate | 66.3% |
| Return on equity | 24.6% |
| Net Margin | 676.5% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Reconnaissance Energy Africa makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 5 | 34 | 29 | 0 |
| 30 Sep 23 | 5 | -55 | 32 | 0 |
| 30 Jun 23 | 4 | -58 | 35 | 0 |
| 31 Mar 23 | 5 | -58 | 41 | 0 |
| 31 Dec 22 | 5 | -53 | 42 | 0 |
| 30 Sep 22 | 6 | -50 | 31 | 0 |
| 30 Jun 22 | 5 | -274 | 39 | 0 |
| 31 Mar 22 | 3 | -271 | 37 | 0 |
| 31 Dec 21 | 2 | -263 | 33 | 0 |
| 30 Sep 21 | 1 | -255 | 38 | 0 |
| 30 Jun 21 | 0 | -20 | 19 | 0 |
| 31 Mar 21 | 0 | -9 | 9 | 0 |
| 31 Dec 20 | 0 | -7 | 7 | 0 |
| 30 Sep 20 | 0 | -6 | 6 | 0 |
| 30 Jun 20 | 0 | -5 | 4 | 0 |
| 31 Mar 20 | 0 | -4 | 3 | 0 |
| 31 Dec 19 | 0 | -3 | 2 | 0 |
| 30 Sep 19 | 0 | -2 | 0 | 0 |
Quality Earnings: RECO has a high level of non-cash earnings.
Growing Profit Margin: RECO became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RECO has become profitable over the past 5 years, growing earnings by -25.8% per year.
Accelerating Growth: RECO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: RECO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-38.8%).
Return on Equity
High ROE: RECO's Return on Equity (24.6%) is considered high.