In This Article:
Paramount Resources (TSE:POU) Full Year 2024 Results
Key Financial Results
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Revenue: CA$1.89b (up 4.8% from FY 2023).
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Net income: CA$335.9m (down 29% from FY 2023).
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Profit margin: 18% (down from 26% in FY 2023). The decrease in margin was driven by higher expenses.
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EPS: CA$2.30 (down from CA$3.29 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Paramount Resources Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates by 23%.
Looking ahead, revenue is expected to decline by 28% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 3.0%.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 10% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for Paramount Resources that you need to be mindful 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.