IGas Energy: IGas Energy Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

IGas Energy ( LON:IGAS ) Full Year 2022 Results Key Financial Results Revenue: UK£59.2m (up 56% from FY 2021). Net loss: UK£11.8m (loss widened by 95% from FY 2021). UK£0.094 loss per share (further deteriorated from UK£0.048 loss in FY 2021). IGAS Production and Reserves Oil Reserves and Sales Price Proven reserves: 11.17 MMbbls. Average sales price/bbl (hedged): US$68.64. Combined Production Costs Average production cost/Boe: US$33.40 (US$27.10/Boe in FY 2021). earnings-and-revenue-history All figures shown in the chart above are for the trailing 12 month (TTM) period IGas Energy Revenues Beat Expectations, EPS Falls Short Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) missed analyst estimates. Looking ahead, revenue is expected to fall by 6.7% p.a. on average during the next 3 years compared to a 3.0% decline forecast for the Oil and Gas industry in the United Kingdom. Performance of the British Oil and Gas industry. The company's shares are down 7.6% from a week ago. Risk Analysis Before you take the next step you should know about the 2 warning signs for IGas Energy (1 can't be ignored!) that we have uncovered. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Join A Paid User Research Session You'll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here