Pine Cliff Energy Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 45.83 million compared to CAD 62.78 million a year ago. Net income was CAD 4.24 million compared to CAD 18.63 million a year ago. Basic earnings per share from continuing operations was CAD 0.01 compared to CAD 0.05 a year ago. Diluted earnings per share from continuing operations was CAD 0.01 compared to CAD 0.05 a year ago.
For the nine months, revenue was CAD 134.19 million compared to CAD 204.98 million a year ago. Net income was CAD 8.28 million compared to CAD 84.25 million a year ago. Basic earnings per share from continuing operations was CAD 0.02 compared to CAD 0.24 a year ago. Diluted earnings per share from continuing operations was CAD 0.02 compared to CAD 0.23 a year ago.