Awilco LNG Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Awilco LNG (OB:ALNG) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$22.8m (up 3.2% from 2Q 2023).
• Net income: US$8.72m (down 21% from 2Q 2023).
• Profit margin: 38% (down from 50% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.07 (down from US$0.08 in 2Q 2023).

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

Awilco LNG Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is expected to fall by 32% p.a. on average during the next 3 years compared to a 4.9% decline forecast for the Oil and Gas industry in Norway.

Performance of the Norwegian Oil and Gas industry.

The company's shares are down 8.8% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Awilco LNG you should be aware of, and 1 of them is a bit unpleasant.

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