PetroNor E&P Second Quarter 2024 Earnings: EPS: US$0.094 (vs US$0.11 in 2Q 2023)

Simply Wall St

September 01, 2024

PetroNor E&P (OB:PNOR) Second Quarter 2024 Results

Key Financial Results

Revenue: US$66.1m (up 22% from 2Q 2023).
Net income: US$13.4m (down 15% from 2Q 2023).
Profit margin: 20% (down from 29% in 2Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$0.094 (down from US$0.11 in 2Q 2023).

earnings-and-revenue-history — OB:PNOR Earnings and Revenue History September 1st 2024

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

PetroNor E&P shares are down 7.4% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of PetroNor E&P's balance sheet and an in-depth analysis of the company's financial position.

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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.