Energean Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Energean (LON:ENOG) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.31b (down 7.4% from FY 2023).
• Net income: US$115.9m (down 37% from FY 2023).
• Profit margin: 8.8% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.63 (down from US$1.04 in FY 2023).

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

Energean Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 32%. Earnings per share (EPS) missed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 6.2% 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 down 10% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Energean (1 is concerning!) that you need to be mindful of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.