Awilco LNG Third Quarter 2024 Earnings: US$0.002 loss per share (vs US$0.03 profit in 3Q 2023)

Awilco LNG (OB:ALNG) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$12.0m (down 23% from 3Q 2023).
• Net loss: US$272.0k (down by 108% from US$3.34m profit in 3Q 2023).
• US$0.002 loss per share (down from US$0.03 profit in 3Q 2023).

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

Awilco LNG Earnings Insights

Looking ahead, revenue is expected to fall by 28% p.a. on average during the next 3 years compared to a 4.7% decline forecast for the Oil and Gas industry in Norway.

Performance of the Norwegian Oil and Gas industry.

The company's shares are down 22% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Awilco LNG (1 shouldn't be ignored!) that you need to be mindful of.

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