Tourmaline Oil Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
Tourmaline Oil (TSE:TOU) Full Year 2023 Results
Key Financial Results
Revenue: CA$5.54b (down 22% from FY 2022).
Net income: CA$1.74b (down 61% from FY 2022).
Profit margin: 31% (down from 63% in FY 2022). The decrease in margin was primarily driven by higher expenses.
EPS: CA$5.09 (down from CA$13.37 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tourmaline Oil EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) exceeded analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for Tourmaline Oil that we have uncovered.
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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.
