Challenger Energy Group First Half 2024 Earnings: US$0.49 loss per share (vs US$0.019 loss in 1H 2023)

Challenger Energy Group (LON:CEG) First Half 2024 Results

Key Financial Results

• Net loss: US$2.08m (loss narrowed by 50% from 1H 2023).
• US$0.49 loss per share.

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

Challenger Energy Group Earnings Insights

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 1.5% decline forecast for the Oil and Gas industry in the United Kingdom.

Performance of the British Oil and Gas industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Challenger Energy Group has 6 warning signs (and 2 which are concerning) we think you should know about.

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