Genel Energy (LON:GENL) H1 2024 results

Key financial results

• Revenue: $37.6 million (27% less than H1 2023).

• Net loss: $21.0 million (loss reduced by 48% from H1 2023).

• Loss per share of $0.076 (improvement from loss of $0.15 in H1 2023).

All figures shown in the graph above refer to the last 12 months (TTM)

Genel Energy’s sales and profits miss expectations

Sales missed analysts’ estimates by 37%. Earnings per share (EPS) also missed analysts’ estimates by 88%.

Average revenue growth of 14% per annum is expected over the next three years, while revenues in the UK oil and gas industry are expected to stagnate.

Performance of British oil and gas industry.

The company’s shares fell 8.0% compared to the previous week.

Balance sheet analysis

Just as investors need to consider earnings, it is also important to consider the strength of a company’s balance sheet. We have a graphical representation of Genel Energy’s balance sheet and an in-depth analysis of the company’s financial position.

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