Tenaz Energy (TSE:TNZ) First Quarter 2024 Results

Key Financial Results

• Revenue: CA$16.4m (down 1.5% from 1Q 2023).

• Net loss: CA$557.0k (down by 119% from CA$2.88m profit in 1Q 2023).

• CA$0.02 loss per share (down from CA$0.10 profit in 1Q 2023).

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

Tenaz Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 20%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 5.7% 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

You should learn about the 2 warning signs we've spotted with Tenaz Energy (including 1 which can't be ignored).

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