Frontera Energy Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 289.87 million compared to USD 344.02 million a year ago. Net income was USD 80.21 million compared to USD 13.48 million a year ago. Basic earnings per share from continuing operations was USD 0.94 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.92 compared to USD 0.14 a year ago.
For the six months, revenue was USD 540.24 million compared to USD 598.64 million a year ago. Net income was USD 68.88 million compared to USD 115.71 million a year ago. Basic earnings per share from continuing operations was USD 0.81 compared to USD 1.23 a year ago. Diluted earnings per share from continuing operations was USD 0.79 compared to USD 1.2 a year ago.