- 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