Genel Energy Full Year 2023 Earnings: Misses Expectations

Genel Energy (LON:GENL) Full Year 2023 Results

Key Financial Results

• Revenue: US$84.8m (down 80% from FY 2022).
• Net loss: US$28.5m (loss widened by 290% from FY 2022).
• US$0.10 loss per share (further deteriorated from US$0.026 loss in FY 2022).

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 8.1%. Earnings per share (EPS) also missed analyst estimates by 3.7%.

Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 1.5% decline forecast for the Oil and Gas industry in the United Kingdom.

Performance of the British Oil and Gas industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Genel Energy's balance sheet.

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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.