NuVista Energy Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was CAD 395.42 million compared to CAD 123.5 million a year ago. Net income was CAD 177.95 million compared to net loss of CAD 10.94 million a year ago. Basic earnings per share from continuing operations was CAD 0.78 compared to basic loss per share from continuing operations of CAD 0.05 a year ago. Diluted earnings per share from continuing operations was CAD 0.74 compared to diluted loss per share from continuing operations of CAD 0.05 a year ago.
For the six months, revenue was CAD 648.99 million compared to CAD 225.78 million a year ago. Net income was CAD 248.21 million compared to CAD 4.45 million a year ago. Basic earnings per share from continuing operations was CAD 1.08 compared to CAD 0.02 a year ago. Diluted earnings per share from continuing operations was CAD 1.04 compared to CAD 0.02 a year ago.