Journey Energy Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was CAD 44.6 million compared to CAD 56.18 million a year ago. Net loss was CAD 1.77 million compared to net income of CAD 28.2 million a year ago. Basic loss per share from continuing operations was CAD 0.03 compared to basic earnings per share from continuing operations of CAD 0.54 a year ago. Diluted loss per share from continuing operations was CAD 0.03 compared to diluted earnings per share from continuing operations of CAD 0.47 a year ago.
For the six months, revenue was CAD 93.05 million compared to CAD 95.84 million a year ago. Net income was CAD 4.67 million compared to CAD 41.97 million a year ago. Basic earnings per share from continuing operations was CAD 0.08 compared to CAD 0.83 a year ago. Diluted earnings per share from continuing operations was CAD 0.07 compared to CAD 0.73 a year ago.