Athabasca Oil Full Year 2024 Earnings: Beats Expectations

editorial-team@simplywallst.com (Simply Wall St)

Fri, Mar 7, 2025, 3:17 AM 1 min read

Athabasca Oil (TSE:ATH) Full Year 2024 Results

Key Financial Results

Revenue: CA$1.36b (up 14% from FY 2023).
Net income: CA$467.7m (up from CA$51.2m loss in FY 2023).
Profit margin: 35% (up from net loss in FY 2023).
EPS: CA$0.85 (up from CA$0.088 loss in FY 2023).

revenue-and-expenses-breakdown — TSX:ATH Revenue and Expenses Breakdown March 7th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Athabasca Oil Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 63%.

The primary driver behind last 12 months revenue was the Athabasca (Thermal Oil) segment contributing a total revenue of CA$1.34b (99% of total revenue). Notably, cost of sales worth CA$738.1m amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to CA$115.1m (60% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CA$41.8m. Explore how ATH's revenue and expenses shape its earnings.

The company's shares are down 3.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Athabasca Oil (1 is concerning!) that you need to be mindful of.

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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.