Challenger Energy Group Full Year 2023 Earnings: US$0.002 loss per share (vs US$0.001 profit in FY 2022)

Challenger Energy Group (LON:CEG) Full Year 2023 Results

Key Financial Results

• Net loss: US$19.6m (down by 418% from US$6.15m profit in FY 2022).
• US$0.002 loss per share (down from US$0.001 profit in FY 2022).

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 1.5% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat.

Performance of the British Oil and Gas industry.

The company's shares are up 15% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 5 warning signs with Challenger Energy Group (at least 1 which is potentially serious), and understanding them should be part of your investment process.

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