Cardinal Energy Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported revenue was CAD 335.93 million compared to CAD 190.68 million a year ago. Net income was CAD 284.42 million compared to net loss of CAD 363.16 million a year ago.

Basic earnings per share from continuing operations was CAD 1.98 compared to basic loss per share from continuing operations of CAD 3.2 a year ago. Diluted earnings per share from continuing operations was CAD 1.84 compared to diluted loss per share from continuing operations of CAD 3.2 a year ago.