Cardinal Energy Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was CAD 185.06 million compared to CAD 73.63 million a year ago. Net income was CAD 98.59 million compared to CAD 9.1 million a year ago. Basic earnings per share from continuing operations was CAD 0.64 compared to CAD 0.06 a year ago. Diluted earnings per share from continuing operations was CAD 0.63 compared to CAD 0.06 a year ago.
For the six months, revenue was CAD 326.05 million compared to CAD 125.75 million a year ago. Net income was CAD 155.83 million compared to net loss of CAD 16.87 million a year ago. Basic earnings per share from continuing operations was CAD 1.03 compared to basic loss per share from continuing operations of CAD 0.12 a year ago. Diluted earnings per share from continuing operations was CAD 1 compared to diluted loss per share from continuing operations of CAD 0.12 a year ago.