Enwell Energy First Half 2024 Earnings: EPS: US$0.039 (vs US$0.039 in 1H 2023)

Enwell Energy (LON:ENW) First Half 2024 Results

Key Financial Results

• Revenue: US$21.4m (down 22% from 1H 2023).
• Net income: US$12.6m (up 1.1% from 1H 2023).
• Profit margin: 59% (up from 46% in 1H 2023). The increase in margin was driven by lower expenses.
• EPS: US$0.039 (in line with 1H 2023).

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

Enwell Energy Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 1.3% decline forecast for the Oil and Gas industry in the United Kingdom.

Performance of the British Oil and Gas industry.

The company's shares are down 2.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Enwell Energy (of which 1 doesn't sit too well with us!) you should know about.

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