Kelt Exploration 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 126.56 million compared to CAD 67.82 million a year ago. Net income was CAD 23.09 million compared to CAD 3.75 million a year ago. Basic earnings per share from continuing operations was CAD 0.12 compared to CAD 0.02 a year ago. Diluted earnings per share from continuing operations was CAD 0.12 compared to CAD 0.02 a year ago.
For the nine months, revenue was CAD 410.94 million compared to CAD 178.73 million a year ago. Net income was CAD 104.52 million compared to CAD 61.26 million a year ago. Basic earnings per share from continuing operations was CAD 0.55 compared to CAD 0.32 a year ago. Diluted earnings per share from continuing operations was CAD 0.54 compared to CAD 0.32 a year ago.