Panoro Energy Third Quarter 2024 Earnings: EPS: US$0.002 (vs US$0.24 in 3Q 2023)

Panoro Energy (OB:PEN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$36.0m (down 67% from 3Q 2023).
• Net income: US$276.0k (down 99% from 3Q 2023).
• Profit margin: 0.8% (down from 26% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.002 (down from US$0.24 in 3Q 2023).

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

Panoro Energy Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.6% decline forecast for the Oil and Gas industry in Norway.

Performance of the Norwegian Oil and Gas industry.

The company's shares are down 2.5% from a week ago.

Risk Analysis

Be aware that Panoro Energy is showing 1 warning sign in our investment analysis that you should know about...

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