Maha Energy Third Quarter 2024 Earnings: US$0.25 loss per share (vs US$0.019 loss in 3Q 2023)

Simply Wall St

November 21, 2024

Maha Energy (STO:MAHA A) Third Quarter 2024 Results

Key Financial Results

Net loss: US$42.9m (loss widened by US$39.5m from 3Q 2023).
US$0.25 loss per share (further deteriorated from US$0.019 loss in 3Q 2023).

earnings-and-revenue-growth — OM:MAHA A Earnings and Revenue Growth November 21st 2024

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

Maha Energy Earnings Insights

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Oil and Gas industry in Europe.

Performance of the market in Sweden.

The company's shares are up 7.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Maha Energy has 3 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.