Serica Energy First Half 2024 Earnings: EPS: US$0.21 (vs US$0.66 in 1H 2023)

Serica Energy (LON:SQZ) First Half 2024 Results

Key Financial Results

• Revenue: US$461.6m (up 8.2% from 1H 2023).
• Net income: US$82.5m (down 63% from 1H 2023).
• Profit margin: 18% (down from 52% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.21 (down from US$0.66 in 1H 2023).

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

Serica Energy Earnings Insights

Looking ahead, revenue is forecast to decline by 1.9% p.a. on average during the next 3 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 1.2% from a week ago.

Risk Analysis

We should say that we've discovered 4 warning signs for Serica Energy (2 can't be ignored!) that you should be aware of before investing here.

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