Etablissements Maurel & Prom First Half 2024 Earnings: EPS: US$0.51 (vs US$0.27 in 1H 2023)

Etablissements Maurel & Prom (EPA:MAU) First Half 2024 Results

Key Financial Results

• Revenue: US$412.1m (up 38% from 1H 2023).
• Net income: US$100.9m (up 91% from 1H 2023).
• Profit margin: 25% (up from 18% in 1H 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.51 (up from US$0.27 in 1H 2023).

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

Etablissements Maurel & Prom Earnings Insights

Looking ahead, revenue is forecast to decline by 16% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in France are expected to remain flat.

Performance of the French Oil and Gas industry.

The company's shares are down 7.8% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Etablissements Maurel & Prom, and understanding this should be part of your investment process.

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