PetroNor E&P Full Year 2024 Earnings: EPS: US$0.25 (vs US$0.35 in FY 2023)

PetroNor E&P (OB:PNOR) Full Year 2024 Results

Key Financial Results

• Revenue: US$204.5m (up 9.2% from FY 2023).
• Net income: US$35.2m (down 30% from FY 2023).
• Profit margin: 17% (down from 27% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.25 (down from US$0.35 in FY 2023).

We've discovered 1 warning sign about PetroNor E&P. View them for free.

PNOR Production and Reserves

Oil reserves

• Proven reserves: 11.31 MMbbls.

Gas reserves

• Proven reserves: 3.88 Bcf.

Combined production

• Oil equivalent production: 1.202 MMboe (1.396 MMboe in FY 2023).

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

In the last 12 months, the only revenue segment was Exploration and Production of Hydrocarbons contributing US$204.5m. Notably, cost of sales worth US$105.2m amounted to 51% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$47.6m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how PNOR's revenue and expenses shape its earnings.

PetroNor E&P shares are up 1.3% from a week ago.

Risk Analysis

Be aware that PetroNor E&P is showing 1 warning sign in our investment analysis that you should know about...

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