Cardinal Energy Ltd. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was CAD 482.2 million compared to CAD 595.84 million a year ago. Net income was CAD 103.6 million compared to CAD 302.69 million a year ago.

Basic earnings per share from continuing operations was CAD 0.66 compared to CAD 1.97 a year ago. Diluted earnings per share from continuing operations was CAD 0.65 compared to CAD 1.92 a year ago.