Kelt Exploration Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was CAD 102.59 million compared to CAD 160.79 million a year ago. Net income was CAD 25.8 million compared to CAD 70.71 million a year ago. Basic earnings per share from continuing operations was CAD 0.13 compared to CAD 0.37 a year ago. Diluted earnings per share from continuing operations was CAD 0.13 compared to CAD 0.36 a year ago.
For the six months, revenue was CAD 223.87 million compared to CAD 284.38 million a year ago. Net income was CAD 42.14 million compared to CAD 81.43 million a year ago. Basic earnings per share from continuing operations was CAD 0.22 compared to CAD 0.43 a year ago. Diluted earnings per share from continuing operations was CAD 0.22 compared to CAD 0.42 a year ago.