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Cooper Energy Limited (COPJF)
OTHER OTC:COPJF
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Earnings Data
Report Date
Feb 17, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
<$0.01Last Year’s EPS
<$0.01Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 26, 2024
|% Change Since: 15.10%
|Next Earnings Date:Feb 17, 2025
Earnings Call Sentiment|Positive
Cooper Energy's Q4 2024 earnings call highlighted a strong performance with increased production and revenue, successful project completions, and ongoing cost savings initiatives. However, production was impacted by pipeline constraints, and decisions on further investments are still pending. Overall, the company showed resilience and a focus on future growth.Company Guidance
In the Q4 FY 2024 earnings call for Cooper Energy Limited, CEO Jane Norman detailed several key metrics and developments. The company achieved a total quarterly production average of 63.9 terajoules equivalent per day, marking a 1% increase from the previous quarter and a yearly production rise of 4% compared to FY '23, in line with their guidance. The Orbost improvement project continues to show promising results, with sulfur processing improvements extending the time between absorber cleans to 4-6 weeks. Victorian spot gas prices peaked at $28 per gigajoule in June, and Cooper Energy's overall realized gas price was $9.19 per gigajoule for the quarter, reflecting a 6.7% increase from the same period last year. The company reported sales revenue of $57.3 million, up 2% quarter-on-quarter and 17% from the previous year. Cooper Energy also completed the BMG wells decommissioning under budget, with costs expected to be slightly less than $270 million, within the guidance range for total capital and abandonment expenditure. Looking forward, the company remains focused on further production improvements, cost-saving initiatives worth $10 million annually, and the progression of the East Coast supply project, targeting first gas by 2028.Increased Production and Revenue
Total group production averaged 63.9 terajoules equivalent per day, up 1% on the last quarter. Total group production for the year was 4% higher than FY '23. Sales revenue was $57.3 million, up 2% quarter-on-quarter and up 17% compared to the same quarter last year.
Orbost Improvement Project Success
The Orbost improvement project achieved sulfur processing improvements with absorber run time extended to 4 to 6 weeks. Performance of the polisher unit improved significantly since insulation installation.
BMG Wells Decommissioning Completion
The BMG wells decommissioning was completed with no lost time injuries and no significant environmental incidents. The total cost is expected to come in at slightly less than $270 million.
Cost Savings Initiative
On track to unlock around $10 million of annualized cost savings and meet the guidance for FY '24 production expenses, potentially unlocking further margin expansion.
East Coast Supply Project Progress
Planning for the East Coast Supply Project is underway, aiming to bring additional gas supply into the market by 2028 using existing infrastructure.
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COPJF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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COPJF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Aug 26, 2024 | $0.10 | $0.10 | 0.00% |
| Feb 26, 2024 | $0.06 | $0.08 | +33.33% |
| Aug 28, 2023 | $0.08 | $0.08 | 0.00% |
| Feb 27, 2023 | $0.16 | $0.16 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cooper Energy Limited (COPJF) report earnings?
Cooper Energy Limited (COPJF) is schdueled to report earning on Feb 17, 2025, TBA Not Confirmed.
What is Cooper Energy Limited (COPJF) earnings time?
Cooper Energy Limited (COPJF) earnings time is at Feb 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is COPJF EPS forecast?
COPJF EPS forecast for the fiscal quarter 2025 (Q2) is <$0.01.
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