Lucero 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 47.83 million compared to CAD 76.37 million a year ago. Net income was CAD 13.32 million compared to CAD 29.81 million a year ago. Basic earnings per share from continuing operations was CAD 0.02 compared to CAD 0.05 a year ago. Diluted earnings per share from continuing operations was CAD 0.02 compared to CAD 0.04 a year ago.
For the nine months, revenue was CAD 162.3 million compared to CAD 187.48 million a year ago. Net income was CAD 42.39 million compared to CAD 61.52 million a year ago. Basic earnings per share from continuing operations was CAD 0.06 compared to CAD 0.1 a year ago. Diluted earnings per share from continuing operations was CAD 0.06 compared to CAD 0.09 a year ago.