DNO Past Earnings Performance

Past criteria checks 2/6

DNO has been growing earnings at an average annual rate of 3.1%, while the Oil and Gas industry saw earnings growing at 37.1% annually. Revenues have been growing at an average rate of 4.7% per year. DNO's return on equity is 1.5%, and it has net margins of 2.8%.

Key information

3.1%

Earnings growth rate

5.3%

EPS growth rate

Oil and Gas Industry Growth	33.7%
Revenue growth rate	4.7%
Return on equity	1.5%
Net Margin	2.8%
Next Earnings Update	08 May 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How DNO makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:DTNO.Y Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	668	19	63
30 Sep 23	806	57	103
30 Jun 23	1,004	241	80
31 Mar 23	1,307	332	108
31 Dec 22	1,377	385	105
30 Sep 22	1,435	407	115
30 Jun 22	1,350	309	146
31 Mar 22	1,174	293	122
31 Dec 21	1,004	204	130
30 Sep 21	782	79	66
30 Jun 21	691	-75	60
31 Mar 21	579	-195	61
31 Dec 20	615	-286	55
30 Sep 20	715	-175	85
30 Jun 20	779	-149	111
31 Mar 20	973	-17	99
31 Dec 19	971	74	137
30 Sep 19	1,066	253	127
30 Jun 19	1,010	413	106
31 Mar 19	891	387	110
31 Dec 18	829	354	99
30 Sep 18	577	155	100
30 Jun 18	478	554	102
31 Mar 18	413	499	94
31 Dec 17	347	495	64
30 Sep 17	274	433	42
30 Jun 17	249	-33	33
31 Mar 17	229	-16	46
31 Dec 16	202	-35	50
30 Sep 16	214	-87	51
30 Jun 16	217	-99	51
31 Mar 16	211	-143	42
31 Dec 15	187	-212	37
30 Sep 15	213	-381	42
30 Jun 15	277	-408	59
31 Mar 15	365	-324	57
31 Dec 14	452	-226	64
30 Sep 14	506	-72	60
30 Jun 14	525	17	47
31 Mar 14	513	21	46
31 Dec 13	503	27	39
30 Sep 13	608	260	30
30 Jun 13	558	227	25

Quality Earnings: DTNO.Y has high quality earnings.

Growing Profit Margin: DTNO.Y's current net profit margins (2.8%) are lower than last year (28%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: DTNO.Y's earnings have grown by 3.1% per year over the past 5 years.

Accelerating Growth: DTNO.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DTNO.Y had negative earnings growth (-95.2%) over the past year, making it difficult to compare to the Oil and Gas industry average (-21.9%).

Return on Equity

High ROE: DTNO.Y's Return on Equity (1.5%) is considered low.

Return on Assets

Return on Capital Employed

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DNO Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

DNO ASA to Report Q4, 2023 Results on Feb 08, 2024

DNO ASA to Report First Half, 2023 Results on Aug 17, 2023

DNO ASA to Report Q1, 2021 Results on May 06, 2021

Recent updates

DNO ASA Announces Kurdistan Operations Recover Rapidly from Torrential Flooding

DNO ASA Announces Completion of an Appraisal Well and Sidetrack

DNO ASA Approves Dividend, Payable on or About 26 February 2024

DNO ASA to Report Q4, 2023 Results on Feb 08, 2024

DNO ASA Announces Successful Completion of the Second Appraisal Well on the Bergknapp/re Discovery in License PL836S in the Norwegian Sea

DNO Announces Successful Ofelia Appraisal and New Kyrre Discovery

DNO ASA Approves Dividend, Payable on or About 24 November 2023

DNO ASA Reopens Production At Tawke PSC

DNO Makes Play-Opening Discovery at Norma

DNO ASA Announces Managing Director Changes

DNO ASA Announces Managing Director Changes

DNO ASA Announces Update on Tawke PSC

DNO ASA Approves Dividend Payment, o Be Made on or About 1 September 2023

DNO ASA Announces Gas and Condensate Discovery on the Carmen Prospect in the Norwegian North Sea License PL1148

DNO ASA Announces Gas and Condensate Discovery on the Carmen Prospect in the Norwegian North Sea License PL1148

DNO ASA Approves Executive Changes

DNO ASA Approves Cash Dividend, Payable on or about June 2, 2023

DNO ASA Confirms Oil and Gas Discovery on the Røver Sør Prospect in the Norwegian North Sea License PL923

DNO ASA (OB:DNO) commences an Equity Buyback, under the authorization approved on May 25, 2022.

DNO ASA to Report First Half, 2023 Results on Aug 17, 2023

DNO ASA Approves Dividend, Payable on or About 16 November 2022

DNO ASA Approves Dividend, Payable on or About 16 November 2022

DNO ASA (OB:DNO) completed the acquisition of Mondoil Enterprises LLC from RAK Petroleum plc (OB:RAKP).

DNO ASA Confirmes an Oil Discovery on the Ofelia Prospect

DNO ASA (OB:DNO) entered into a transaction agreement to acquire Mondoil Enterprises LLC from RAK Petroleum plc (OB:RAKP) for approximately $120 million.

DNO ASA Approves Cash Dividend, Payable on or About 23 August 2022

DNO ASA Reports Edinburgh Exploration Well Comes Up Dry

DNO ASA Proposes Dividend for the Year 2021

DNO ASA Confirms Oil and Gas Discovery on the Kveikje Prospect

DNO ASA provides an Update on Tawke PSC

DNO ASA Updates North Sea Drilling

Aker BP ASA (OB:AKRBP) acquired an additional 20% interest in PL006C License from DNO ASA (OB:DNO).

DNO ASA (OB:DNO) completed the acquisition of additional 32% stake in Baeshiqa License in the Kurdistan Region from Exxon Mobil Corporation (NYSE:XOM).

DNO ASA Approves Dividends for the Year 2021 and for the Year 2022

DNO ASA Provides Production Guidance for the Year 2021

DNO Releases 2020 Annual Statement of Reserves and Resources

DNO ASA (OB:DNO) agree to acquire 32% stake in Baeshiqa License in the Kurdistan Region from Exxon Mobil Corporation (NYSE:XOM)

DNO ASA North Sea Exploration Gains Traction with Latest Discovery

DNO ASA Announces Operations Update

DNO ASA to Report Q1, 2021 Results on May 06, 2021

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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Revenue & Expenses Breakdown
Beta