Rockhopper Exploration First Half 2023 Earnings: US$0.004 loss per share (vs US$0.002 loss in 1H 2022)

Rockhopper Exploration (LON:RKH) First Half 2023 Results

Key Financial Results

• Net loss: US$2.61m (loss widened by 248% from 1H 2022).
• US$0.004 loss per share (further deteriorated from US$0.002 loss in 1H 2022).

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

Rockhopper Exploration Earnings Insights

Looking ahead, revenue is expected to fall by 120% p.a. on average during the next 3 years compared to a 2.6% 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 up 9.9% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Rockhopper Exploration (at least 2 which don't sit too well with us), and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.