Awilco LNG Full Year 2023 Earnings: Beats Expectations

Awilco LNG (OB:ALNG) Full Year 2023 Results

Key Financial Results

• Revenue: US$80.7m (up 57% from FY 2022).
• Net income: US$38.3m (up by US$32.5m from FY 2022).
• Profit margin: 47% (up from 11% in FY 2022). The increase in margin was primarily driven by higher revenue.
• EPS: US$0.29 (up from US$0.044 in FY 2022).

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

Awilco LNG Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) also surpassed analyst estimates by 13%.

Looking ahead, revenue is expected to fall by 23% p.a. on average during the next 3 years compared to a 4.8% decline forecast for the Oil and Gas industry in Norway.

Performance of the Norwegian Oil and Gas industry.

The company's shares are up 3.4% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Awilco LNG (including 1 which is significant).

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