Inpex Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Inpex (TSE:1605) Second Quarter 2024 Results

Key Financial Results

• Revenue: JP¥594.1b (up 19% from 2Q 2023).
• Net income: JP¥90.8b (down 12% from 2Q 2023).
• Profit margin: 15% (down from 21% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: JP¥72.73 (down from JP¥78.70 in 2Q 2023).

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

Inpex Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 1.6%.

Looking ahead, revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Japan.

Performance of the Japanese Oil and Gas industry.

The company's shares are down 2.7% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Inpex has 1 warning sign we think you should be aware of.

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