Perpetual Energy Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 19.77 million compared to CAD 28.1 million a year ago. Net income was CAD 3.73 million compared to CAD 8.23 million a year ago. Basic earnings per share from continuing operations was CAD 0.06 compared to CAD 0.13 a year ago. Diluted earnings per share from continuing operations was CAD 0.05 compared to CAD 0.11 a year ago.
For the nine months, revenue was CAD 49.82 million compared to CAD 62.48 million a year ago. Net loss was CAD 0.706 million compared to net income of CAD 19.87 million a year ago. Basic loss per share from continuing operations was CAD 0.01 compared to basic earnings per share from continuing operations of CAD 0.31 a year ago. Diluted loss per share from continuing operations was CAD 0.01 compared to diluted earnings per share from continuing operations of CAD 0.27 a year ago.