- Romania
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- Oil and Gas
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- BVB:SNG
SNGN Romgaz Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
SNGN Romgaz (BVB:SNG) Full Year 2023 Results
Key Financial Results
- Revenue: RON9.00b (down 33% from FY 2022).
- Net income: RON2.81b (up 10% from FY 2022).
- Profit margin: 31% (up from 19% in FY 2022). The increase in margin was driven by lower expenses.
- EPS: RON7.30 (up from RON6.61 in FY 2022).
SNG Production
Combined production- Oil equivalent production: 27.929 MMboe (28.772 MMboe in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SNGN Romgaz EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) exceeded analyst estimates by 5.8%.
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.8% decline forecast for the Oil and Gas industry in Europe.
Performance of the market in Romania.
The company's share price is broadly unchanged 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. See our latest analysis on SNGN Romgaz's balance sheet health.
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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.
About BVB:SNG
Undervalued with solid track record.