Athabasca Oil Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was CAD 301.92 million compared to CAD 254.82 million a year ago. Net income was CAD 38.61 million compared to net loss of CAD 56.64 million a year ago.

Basic earnings per share from continuing operations was CAD 0.07 compared to basic loss per share from continuing operations of CAD 0.1 a year ago. Diluted earnings per share from continuing operations was CAD 0.07 compared to diluted loss per share from continuing operations of CAD 0.1 a year ago.