JRNGF - Journey Energy GAAP EPS of C$0.10 revenue of C$58.44M
2023-05-10 02:35:38 ET
- Journey Energy press release ( OTCQX:JRNGF ): Q1 GAAP EPS of C$0.10.
- Revenue of C$58.44M (+27.4% Y/Y).
- Generated sales volumes of 12,920 boe/d in the first quarter (45% crude oil; 11% NGL's; 44% natural gas). All of Journey's production is currently unhedged. Year-over-year sales volumes increased 52%.
- Generated adjusted funds flow of C$18.0 million or C$0.31 per basic share and C$0.28 per diluted share.
- Produced 5,603 megawatts of electricity at Journey's power generation facility in Countess, Alberta at an average price of $159.65/MWH. The run-rate during the first quarter was 64% of capacity.
- 2023 Guidance: Annual average daily sales volumes of 12,500-13,000 boe/d (54% crude oil & NGL's); Adjusted Funds Flow of C$75-78 million; Capital spending of C$63 million; 2023 ending Net Debt of C$65-68 million.
For further details see:
Journey Energy GAAP EPS of C$0.10, revenue of C$58.44M