tiprankstipranks
Hemisphere Energy Reports Strong Q1 2024 Results
Company Announcements

Hemisphere Energy Reports Strong Q1 2024 Results

Hemisphere Energy (TSE:HME) has released an update.

Don't Miss Our Christmas Offers:

Hemisphere Energy Corporation reported robust first-quarter results for 2024, overcoming weather-related production challenges to produce a daily average of 3,133 barrels of oil equivalent. The company announced a quarterly revenue of $21.0 million with low operating costs, resulting in a significant operating netback of $13.1 million. Additionally, Hemisphere declared a dividend distribution, executed a $5.6 million capital expenditure program, and made strides in shareholder value through a share buyback initiative.

For further insights into TSE:HME stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskHemisphere Energy Reports Growth and Declares Dividend
Carrie WilliamsHME Earnings Report this Week: Is It a Buy, Ahead of Earnings?
TipRanks Canadian Auto-Generated NewsdeskHemisphere Energy Announces Special Dividend and Operations Progress
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App