Navitas Petroleum, Limited Partnership reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was USD 6.09 million compared to USD 30.24 million a year ago. Basic earnings per share from continuing operations was USD 0.065 compared to USD 0.323 a year ago. Diluted earnings per share from continuing operations was USD 0.065 compared to USD 0.322 a year ago.
For the six months, net income was USD 15.31 million compared to USD 42.77 million a year ago. Basic earnings per share from continuing operations was USD 0.163 compared to USD 0.457 a year ago. Diluted earnings per share from continuing operations was USD 0.163 compared to USD 0.442 a year ago.