Navitas Petroleum Limited Partnership Third Quarter 2023 Earnings: EPS: US$0.18 (vs US$0.068 in 3Q 2022)

Navitas Petroleum Limited Partnership (TLV:NVPT) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$27.1m (up 2.3% from 3Q 2022).
• Net income: US$17.2m (up 172% from 3Q 2022).
• Profit margin: 64% (up from 24% in 3Q 2022). The increase in margin was primarily driven by lower expenses.
• EPS: US$0.18 (up from US$0.068 in 3Q 2022).

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

Navitas Petroleum Limited Partnership shares are up 8.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Navitas Petroleum Limited Partnership that you should be aware of.

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