Seplat Energy Reports First Quarter 2024 Earnings

Seplat Energy (LON:SEPL) First Quarter 2024 Results

Key Financial Results

• Revenue: US$179.8m (down 46% from 1Q 2023).
• Net income: US$1.05m (down 98% from 1Q 2023).
• Profit margin: 0.6% (down from 18% in 1Q 2023). The decrease in margin was driven by lower revenue.

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

Seplat Energy Earnings Insights

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 1.3% 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 4.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Seplat Energy that you need to take into consideration.

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