Cardinal Energy Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was CAD 142.27 million compared to CAD 97.02 million a year ago. Net income was CAD 33 million compared to CAD 262.33 million a year ago. Basic earnings per share from continuing operations was CAD 0.21 compared to CAD 1.76 a year ago. Diluted earnings per share from continuing operations was CAD 0.21 compared to CAD 1.64 a year ago.
For the nine months, revenue was CAD 468.32 million compared to CAD 222.77 million a year ago. Net income was CAD 188.82 million compared to CAD 245.46 million a year ago. Basic earnings per share from continuing operations was CAD 1.23 compared to CAD 1.74 a year ago. Diluted earnings per share from continuing operations was CAD 1.2 compared to CAD 1.63 a year ago.