Kiwetinohk Energy Corp. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported revenue was CAD 142.12 million compared to CAD 77.35 million a year ago. Net income was CAD 32.54 million compared to net loss of CAD 12.06 million a year ago. Basic earnings per share from continuing operations was CAD 0.74 compared to basic loss per share from continuing operations of CAD 0.27 a year ago. Diluted earnings per share from continuing operations was CAD 0.73 compared to diluted loss per share from continuing operations of CAD 0.27 a year ago.
For the nine months, revenue was CAD 348.14 million compared to CAD 352.66 million a year ago. Net income was CAD 17.09 million compared to CAD 63.59 million a year ago. Basic earnings per share from continuing operations was CAD 0.39 compared to CAD 1.44 a year ago. Diluted earnings per share from continuing operations was CAD 0.39 compared to CAD 1.43 a year ago.