Tenaz Energy (TSE:TNZ) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$12.6m (up 29% from 2Q 2023).

• Net income: CA$1.34m (up from CA$757.0k loss in 2Q 2023).

• Profit margin: 11% (up from net loss in 2Q 2023).

• EPS: CA$0.05 (up from CA$0.027 loss in 2Q 2023).

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

Tenaz Energy EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 37%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 102% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Tenaz Energy.

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