Athabasca Oil (TSE:ATH) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$369.2m (up 37% from 2Q 2023).

• Net income: CA$96.1m (up 68% from 2Q 2023).

• Profit margin: 26% (up from 21% in 2Q 2023).

• EPS: CA$0.17 (up from CA$0.096 in 2Q 2023).

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

Athabasca Oil Earnings Insights

Looking ahead, revenue is expected to decline by 2.9% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 5.0%.

Performance of the Canadian Oil and Gas industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Athabasca Oil has 3 warning signs we think you should be aware of.

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