Hammerhead Energy Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 192.77 million compared to CAD 191.64 million a year ago. Net income was CAD 3.91 million compared to CAD 67.25 million a year ago. Basic earnings per share from continuing operations was CAD 0.04 compared to CAD 2.42 a year ago. Diluted earnings per share from continuing operations was CAD 0.04 compared to CAD 0.98 a year ago.
For the nine months, revenue was CAD 568.33 million compared to CAD 477.76 million a year ago. Net loss was CAD 109 million compared to net income of CAD 157.8 million a year ago. Basic loss per share from continuing operations was CAD 1.44 compared to basic earnings per share from continuing operations of CAD 5.57 a year ago. Diluted loss per share from continuing operations was CAD 1.44 compared to diluted earnings per share from continuing operations of CAD 2.28 a year ago.