Pipestone Energy Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 120.83 million compared to CAD 158.09 million a year ago. Net income was CAD 6.55 million compared to CAD 57.53 million a year ago. Basic earnings per share from continuing operations was CAD 0.02 compared to CAD 0.31 a year ago. Diluted earnings per share from continuing operations was CAD 0.02 compared to CAD 0.21 a year ago.
For the nine months, revenue was CAD 378.48 million compared to CAD 444.58 million a year ago. Net income was CAD 52.67 million compared to CAD 166.68 million a year ago. Basic earnings per share from continuing operations was CAD 0.19 compared to CAD 0.88 a year ago. Diluted earnings per share from continuing operations was CAD 0.19 compared to CAD 0.59 a year ago.