Kiwetinohk Energy Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 77.35 million compared to CAD 153.28 million a year ago. Net loss was CAD 12.06 million compared to net income of CAD 55.38 million a year ago. Basic loss per share from continuing operations was CAD 0.27 compared to basic earnings per share from continuing operations of CAD 1.26 a year ago. Diluted loss per share from continuing operations was CAD 0.27 compared to diluted earnings per share from continuing operations of CAD 1.24 a year ago.
For the nine months, revenue was CAD 352.66 million compared to CAD 413.88 million a year ago. Net income was CAD 63.59 million compared to CAD 75.68 million a year ago. Basic earnings per share from continuing operations was CAD 1.44 compared to CAD 1.72 a year ago. Diluted earnings per share from continuing operations was CAD 1.43 compared to CAD 1.7 a year ago.