Awilco LNG Full Year 2024 Earnings: EPS Beats Expectations

Awilco LNG (OB:ALNG) Full Year 2024 Results

Key Financial Results

• Revenue: US$67.6m (down 16% from FY 2023).
• Net income: US$17.1m (down 55% from FY 2023).
• Profit margin: 25% (down from 47% in FY 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: US$0.13 (down from US$0.29 in FY 2023).

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

Awilco LNG EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%.

Looking ahead, revenue is expected to fall by 28% p.a. on average during the next 2 years compared to a 3.6% decline forecast for the Oil and Gas industry in Norway.

Performance of the Norwegian Oil and Gas industry.

The company's shares are down 6.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for Awilco LNG (1 is a bit concerning!) that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.