Seplat Energy Third Quarter 2024 Earnings: US$0.004 loss per share (vs US$0.005 loss in 3Q 2023)

Seplat Energy (LON:SEPL) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$293.7m (up 12% from 3Q 2023).
• Net loss: US$2.09m (loss narrowed by 31% from 3Q 2023).
• US$0.004 loss per share (improved from US$0.005 loss in 3Q 2023).

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

Seplat Energy Earnings Insights

Looking ahead, revenue is expected to fall by 2.7% p.a. on average during the next 3 years compared to a 2.3% 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.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Seplat Energy, and understanding it should be part of your investment process.

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