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
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.
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…
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