Genel Energy Full Year 2022 Earnings: Misses Expectations

·1 min read

Genel Energy (LON:GENL) Full Year 2022 Results

Key Financial Results

  • Revenue: US$432.7m (up 29% from FY 2021).

  • Net loss: US$7.30m (loss narrowed by 98% from FY 2021).

  • US$0.026 loss per share (improved from US$1.11 loss in FY 2021).


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

Genel Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is expected to fall by 33% p.a. on average during the next 3 years compared to a 3.0% decline forecast for the Oil and Gas industry in the United Kingdom.

Performance of the British Oil and Gas industry.

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

Risk Analysis

It is worth noting though that we have found 2 warning signs for Genel Energy (1 makes us a bit uncomfortable!) that you need to take into consideration.

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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.

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