TAG Oil Past Earnings Performance
Past criteria checks 0/6
TAG Oil has been growing earnings at an average annual rate of 11.6%, while the Oil and Gas industry saw earnings growing at 37.9% annually. Revenues have been declining at an average rate of 88.9% per year.
Key information
11.6%
Earnings growth rate
22.6%
EPS growth rate
| Oil and Gas Industry Growth | 42.1% |
| Revenue growth rate | -88.9% |
| Return on equity | -19.5% |
| Net Margin | -1,847.2% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
No updates
Recent updates
We Think TAG Oil (CVE:TAO) Needs To Drive Business Growth Carefully
May 09
Is TAG Oil (CVE:TAO) In A Good Position To Deliver On Growth Plans?
Jan 23Will TAG Oil (CVE:TAO) Spend Its Cash Wisely?
Oct 07TAG Oil (CVE:TAO) Is In A Good Position To Deliver On Growth Plans
May 22We're Not Very Worried About TAG Oil's (CVE:TAO) Cash Burn Rate
Feb 02TAG Oil (CVE:TAO) Is In A Good Position To Deliver On Growth Plans
Aug 05Revenue & Expenses Breakdown
How TAG Oil 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 |
|---|---|---|---|---|
| 30 Jun 24 | 0 | -9 | 8 | 0 |
| 31 Mar 24 | 1 | -8 | 7 | 0 |
| 31 Dec 23 | 1 | -8 | 8 | 0 |
| 30 Sep 23 | 1 | -6 | 8 | 0 |
| 30 Jun 23 | 0 | -4 | 7 | 0 |
| 31 Mar 23 | 0 | -3 | 7 | 0 |
| 31 Dec 22 | 0 | -2 | 5 | 0 |
| 30 Sep 22 | 0 | -1 | 4 | 0 |
| 30 Jun 22 | 0 | -2 | 4 | 0 |
| 31 Mar 22 | 0 | -3 | 4 | 0 |
| 31 Dec 21 | 0 | -7 | 4 | 0 |
| 30 Sep 21 | 0 | -11 | 4 | 0 |
| 30 Jun 21 | 0 | -11 | 4 | 0 |
| 31 Mar 21 | 0 | -12 | 4 | 0 |
| 31 Dec 20 | 0 | -5 | 3 | 0 |
| 30 Sep 20 | 0 | -2 | 4 | 0 |
| 30 Jun 20 | 6 | 7 | 4 | 0 |
| 31 Mar 20 | 15 | 8 | 6 | 0 |
| 31 Dec 19 | 22 | 6 | 7 | 0 |
| 30 Sep 19 | 29 | 5 | 7 | 0 |
| 30 Jun 19 | 31 | -62 | 8 | 0 |
| 31 Mar 19 | 30 | -60 | 7 | 0 |
| 31 Dec 18 | 29 | -51 | 6 | 0 |
| 30 Sep 18 | 26 | -46 | 6 | 0 |
| 30 Jun 18 | 24 | 7 | 5 | 0 |
| 31 Mar 18 | 21 | 4 | 5 | 0 |
| 31 Dec 17 | 22 | 25 | 5 | 0 |
| 30 Sep 17 | 21 | 22 | 6 | 0 |
| 30 Jun 17 | 21 | 26 | 6 | 0 |
| 31 Mar 17 | 21 | 26 | 6 | 0 |
| 31 Dec 16 | 20 | -72 | 6 | 0 |
| 30 Sep 16 | 19 | -75 | 6 | 0 |
| 30 Jun 16 | 20 | -77 | 7 | 0 |
| 31 Mar 16 | 23 | -76 | 8 | 0 |
| 31 Dec 15 | 26 | -87 | 8 | 0 |
| 30 Sep 15 | 32 | -83 | 9 | 0 |
| 30 Jun 15 | 39 | -73 | 9 | 0 |
| 31 Mar 15 | 45 | -68 | 7 | 0 |
| 31 Dec 14 | 50 | 8 | 7 | 0 |
| 30 Sep 14 | 51 | 11 | 7 | 0 |
| 30 Jun 14 | 53 | 8 | 8 | 0 |
| 31 Mar 14 | 52 | 8 | 9 | 0 |
| 31 Dec 13 | 50 | 9 | 10 | 0 |
Quality Earnings: TAO is currently unprofitable.
Growing Profit Margin: TAO is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TAO is unprofitable, but has reduced losses over the past 5 years at a rate of 11.6% per year.
Accelerating Growth: Unable to compare TAO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TAO is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-37.1%).
Return on Equity
High ROE: TAO has a negative Return on Equity (-19.54%), as it is currently unprofitable.