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home / news releases / GENGF - Gear Energy reports Q4 earnings; updates Q1 and FY23 outlook

GENGF - Gear Energy reports Q4 earnings; updates Q1 and FY23 outlook

Gear Energy Ltd
  • Gear Energy press release ( OTCQX:GENGF ): Q4 GAAP EPS of C$0.10.
  • Revenue of C$35.13M (+0.9% Y/Y).
  • Funds from operations for the fourth quarter of 2022 was C$18.7 million, a decrease of 17 per cent from the third quarter of 2022 as a result of lower commodity prices.
  • Production for the fourth quarter of 2022 was 5,755 boe per day.
  • Annual 2023 guidance of 6,100 boe/d is still being targeted.
  • Production guidance for the first quarter of 2023 is being reduced to 6,100 boe/d to acknowledge these delays.

For further details see:

Gear Energy reports Q4 earnings; updates Q1 and FY23 outlook
Stock Information
Company Name: Gear Energy Ltd
Stock Symbol: GENGF
Market: OTC
Website: gearenergy.com
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