Paramount Resources Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was CAD 433.8 million compared to CAD 533.8 million a year ago. Net income was CAD 68.1 million compared to CAD 197 million a year ago.

Basic earnings per share from continuing operations was CAD 0.47 compared to CAD 1.39 a year ago. Diluted earnings per share from continuing operations was CAD 0.46 compared to CAD 1.33 a year ago.