Kelt Exploration 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 101.48 million compared to CAD 126.56 million a year ago. Net income was CAD 20.06 million compared to CAD 23.09 million a year ago. Basic earnings per share from continuing operations was CAD 0.1 compared to CAD 0.12 a year ago. Diluted earnings per share from continuing operations was CAD 0.1 compared to CAD 0.12 a year ago.
For the nine months, revenue was CAD 325.35 million compared to CAD 410.94 million a year ago. Net income was CAD 62.2 million compared to CAD 104.52 million a year ago. Basic earnings per share from continuing operations was CAD 0.32 compared to CAD 0.55 a year ago. Diluted earnings per share from continuing operations was CAD 0.32 compared to CAD 0.54 a year ago.