Gulf Keystone Petroleum Full Year 2023 Earnings: Misses Expectations

Gulf Keystone Petroleum (LON:GKP) Full Year 2023 Results

Key Financial Results

• Revenue: US$123.5m (down 73% from FY 2022).
• Net loss: US$11.5m (down by 104% from US$266.1m profit in FY 2022).
• US$0.053 loss per share (down from US$1.24 profit in FY 2022).

GKP Production

Combined production

• Oil equivalent production: 8 MMboe (16.1 MMboe in FY 2022).

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

Gulf Keystone Petroleum Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 1.4% 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 1.3% from a week ago.

Risk Analysis

Be aware that Gulf Keystone Petroleum is showing 1 warning sign in our investment analysis that you should know about...

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