Southern Energy (TSE:SOU) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Southern Energy Corp. reported a challenging third quarter in 2024, with a 34% decline in petroleum and natural gas sales compared to last year, and a net loss of $2.1 million. To navigate the tough market conditions, Southern has focused on optimizing its operations, selling excess equipment for $3.4 million and leveraging its strategic asset locations to achieve better pricing. The company remains optimistic about future price improvements amidst increasing demand and continues to manage its financial hedge to stabilize cash flow.
For further insights into TSE:SOU stock, check out TipRanks’ Stock Analysis page.
