Orca Energy Group (CVE:ORC.B) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$25.0m (down 11% from 2Q 2023).

• Net income: US$1.19m (down 56% from 2Q 2023).

• Profit margin: 4.7% (down from 9.7% in 2Q 2023).

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

Orca Energy Group Earnings Insights

Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.2% 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

It is worth noting though that we have found 4 warning signs for Orca Energy Group (1 makes us a bit uncomfortable!) that you need to take into consideration.

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