Pine Cliff Energy Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was CAD 48.68 million compared to CAD 59.45 million a year ago. Net income was CAD 4.99 million compared to CAD 15.43 million a year ago.

Basic earnings per share from continuing operations was CAD 0.01 compared to CAD 0.05 a year ago. Diluted earnings per share from continuing operations was CAD 0.01 compared to CAD 0.04 a year ago.