Cardinal 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 139.87 million compared to CAD 142.27 million a year ago. Net income was CAD 39.17 million compared to CAD 33 million a year ago. Basic earnings per share from continuing operations was CAD 0.25 compared to CAD 0.21 a year ago. Diluted earnings per share from continuing operations was CAD 0.24 compared to CAD 0.21 a year ago.
For the nine months, revenue was CAD 362.4 million compared to CAD 468.32 million a year ago. Net income was CAD 83.21 million compared to CAD 188.82 million a year ago. Basic earnings per share from continuing operations was CAD 0.53 compared to CAD 1.23 a year ago. Diluted earnings per share from continuing operations was CAD 0.52 compared to CAD 1.2 a year ago.