Maha Energy Full Year 2023 Earnings: Misses Expectations

Maha Energy (STO:MAHA A) Full Year 2023 Results

Key Financial Results

• Net loss: US$5.31m (loss narrowed by 53% from FY 2022).
• US$0.032 loss per share (improved from US$0.094 loss in FY 2022).

MAHA A Production

Combined production

• Oil equivalent production: 0.072 MMboe (0.146 MMboe in FY 2022).

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

Maha Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 20% 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 Sweden.

The company's shares are down 6.7% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Maha Energy has 2 warning signs we think you should be aware of.

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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.