Genel Energy First Half 2024 Earnings: Misses Expectations

Genel Energy (LON:GENL) First Half 2024 Results

Key Financial Results

• Revenue: US$37.6m (down 27% from 1H 2023).
• Net loss: US$21.0m (loss narrowed by 48% from 1H 2023).
• US$0.076 loss per share (improved from US$0.15 loss in 1H 2023).

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

Genel Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 37%. Earnings per share (EPS) also missed analyst estimates by 88%.

Looking ahead, revenue is forecast to grow 14% 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 8.0% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Genel Energy's balance sheet and an in-depth analysis of the company's financial position.

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