Pine Cliff Energy Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was CAD 39.68 million compared to CAD 82.76 million a year ago. Net loss was CAD 0.942 million compared to net income of CAD 50.19 million a year ago.
For the six months, revenue was CAD 88.36 million compared to CAD 142.2 million a year ago. Net income was CAD 4.04 million compared to CAD 65.63 million a year ago. Basic earnings per share from continuing operations was CAD 0.01 compared to CAD 0.19 a year ago. Diluted earnings per share from continuing operations was CAD 0.01 compared to CAD 0.18 a year ago.