NewMed Energy - Limited Partnership Third Quarter 2024 Earnings: EPS: US$0.13 (vs US$0.10 in 3Q 2023)

NewMed Energy - Limited Partnership (TLV:NWMD) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$267.6m (up 9.7% from 3Q 2023).
• Net income: US$147.3m (up 25% from 3Q 2023).
• Profit margin: 55% (up from 48% in 3Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: US$0.13 (up from US$0.10 in 3Q 2023).

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

NewMed Energy - Limited Partnership Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.6% decline forecast for the Oil and Gas industry in Asia.

Performance of the market in Israel.

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 2 warning signs with NewMed Energy - Limited Partnership, and understanding them should be part of your investment process.

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