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Enwell Energy Full Year 2023 Earnings: EPS: US$0.083 (vs US$0.19 in FY 2022)

editorial-team@simplywallst.com (Simply Wall St)
·1-min read

Enwell Energy (LON:ENW) Full Year 2023 Results

Key Financial Results

  • Revenue: US$53.6m (down 50% from FY 2022).

  • Net income: US$26.5m (down 56% from FY 2022).

  • Profit margin: 49% (down from 56% in FY 2022). The decrease in margin was driven by lower revenue.

  • EPS: US$0.083 (down from US$0.19 in FY 2022).

ENW Production

Combined production

  • Oil equivalent production: 0.822 MMboe (0.846 MMboe in FY 2022).

revenue-and-expenses-breakdown
revenue-and-expenses-breakdown

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

Enwell Energy Earnings Insights

In the last 12 months, the only revenue segment was Oil and Gas Exploration, Development and Production contributing US$53.6m. The largest operating expense was General & Administrative costs, amounting to US$6.52m (52% of total expenses). Explore how ENW's revenue and expenses shape its earnings.

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Looking ahead, revenue is forecast to decline by 14% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat.

Performance of the British Oil and Gas industry.

The company's shares are up 8.3% from a week ago.

Risk Analysis

Be aware that Enwell Energy is showing 3 warning signs in our investment analysis and 1 of those is a bit unpleasant...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com