Birchcliff 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 171.41 million compared to CAD 454.21 million a year ago. Net income was CAD 15.11 million compared to CAD 245.64 million a year ago. Basic earnings per share from continuing operations was CAD 0.06 compared to CAD 0.92 a year ago. Diluted earnings per share from continuing operations was CAD 0.06 compared to CAD 0.89 a year ago.
For the nine months, revenue was CAD 465.73 million compared to CAD 1,158.17 million a year ago. Net income was CAD 15.31 million compared to CAD 587.38 million a year ago. Basic earnings per share from continuing operations was CAD 0.06 compared to CAD 2.2 a year ago. Diluted earnings per share from continuing operations was CAD 0.06 compared to CAD 2.12 a year ago.