Enerplus Full Year 2023 Earnings: Revenues Beat Expectations, EPS In Line
Enerplus (TSE:ERF) Full Year 2023 Results
Key Financial Results
Revenue: US$1.69b (down 23% from FY 2022).
Net income: US$456.1m (down 50% from FY 2022).
Profit margin: 27% (down from 42% in FY 2022). The decrease in margin was driven by lower revenue.
EPS: US$2.16 (down from US$3.91 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Enerplus Revenues Beat Expectations
Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's shares are up 9.7% from a week ago.
Risk Analysis
Be aware that Enerplus is showing 2 warning signs in our investment analysis that you should know about...
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