Pine Cliff 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 82.76 million compared to CAD 31.39 million a year ago. Net income was CAD 50.19 million compared to net loss of CAD 0.744 million a year ago. Basic earnings per share from continuing operations was CAD 0.15. Diluted earnings per share from continuing operations was CAD 0.14.
For the six months, revenue was CAD 142.2 million compared to CAD 64.56 million a year ago. Net income was CAD 65.63 million compared to net loss of CAD 1.42 million a year ago. Basic earnings per share from continuing operations was CAD 0.19. Diluted earnings per share from continuing operations was CAD 0.18.