PetroNor E&P ASA (OSL: PNOR)

PetroNor E&P ASA Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	203.84	187.33	146.07	106.46	67.54	102.76
Revenue Growth (YoY)	0.34%	28.25%	37.20%	57.62%	-34.27%	1.67%
Cost of Revenue	85.24	70.67	46.21	34.59	25.89	37.21
Gross Profit	118.61	116.66	99.86	71.88	41.66	65.55
Selling, General & Admin	12.9	11.13	14.16	13.13	11.58	14.49
Other Operating Expenses	2.71	2.71	1.06	0.13	0.89	0.87
Operating Expenses	16	14.59	15.76	15.53	12.47	34.73
Operating Income	102.61	102.07	84.09	56.35	29.19	30.82
Interest Expense	-0.65	-0.85	-2.32	-2.05	-1.52	-0.84
Currency Exchange Gain (Loss)	1.97	-0.27	-1.93	-0.06	1.51	-0.44
EBT Excluding Unusual Items	104.49	100.95	79.85	54.25	29.17	29.54
Other Unusual Items	-	-	-0.17	-	-0.95	-5.41
Pretax Income	104.49	100.95	79.68	54.25	28.23	24.13
Income Tax Expense	43	39.85	47.58	33.1	17.08	29.89
Earnings From Continuing Operations	61.5	61.09	32.1	21.14	11.15	-5.76
Earnings From Discontinued Operations	17.96	17.96	2.32	-	-	-
Net Income to Company	79.45	79.05	34.43	21.14	11.15	-5.76
Minority Interest in Earnings	-11.07	-11.22	-7.39	-8.83	-8.78	-7.6
Net Income	68.38	67.83	27.04	12.31	2.37	-13.36
Net Income to Common	68.38	67.83	27.04	12.31	2.37	-13.36
Net Income Growth	12.31%	150.89%	119.56%	418.92%	-	-
Shares Outstanding (Basic)	142	142	137	116	97	87
Shares Outstanding (Diluted)	142	142	137	116	97	87
Shares Change (YoY)	0.19%	3.70%	18.15%	19.26%	12.24%	6.35%
EPS (Basic)	0.48	0.48	0.20	0.11	0.02	-0.15
EPS (Diluted)	0.48	0.48	0.20	0.11	0.02	-0.15
EPS Growth	12.12%	141.80%	85.77%	341.67%	-	-
Free Cash Flow	28.38	11.31	-0.59	0.11	-7.53	30.14
Free Cash Flow Per Share	0.20	0.08	-0.00	0.00	-0.08	0.35
Gross Margin	58.18%	62.28%	68.36%	67.51%	61.68%	63.79%
Operating Margin	50.34%	54.49%	57.57%	52.93%	43.21%	30.00%
Profit Margin	33.55%	36.21%	18.51%	11.57%	3.51%	-13.01%
Free Cash Flow Margin	13.92%	6.04%	-0.40%	0.11%	-11.15%	29.33%
EBITDA	126.23	121.79	94.23	61.77	34.6	35.02
EBITDA Margin	61.93%	65.01%	64.51%	58.02%	51.22%	34.08%
D&A For EBITDA	23.63	19.72	10.14	5.42	5.41	4.2
EBIT	102.61	102.07	84.09	56.35	29.19	30.82
EBIT Margin	50.33%	54.49%	57.57%	52.93%	43.21%	30.00%
Effective Tax Rate	41.15%	39.48%	59.71%	61.02%	60.50%	123.87%

Source: S&P Capital IQ. Standard template. Financial Sources.