Hemisphere Energy Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 18.95 million compared to CAD 19.63 million a year ago. Net income was CAD 8.47 million compared to CAD 9.32 million a year ago. Basic earnings per share from continuing operations was CAD 0.08 compared to CAD 0.09 a year ago. Diluted earnings per share from continuing operations was CAD 0.08 compared to CAD 0.09 a year ago.
For the nine months, revenue was CAD 49.05 million compared to CAD 51.64 million a year ago. Net income was CAD 20.21 million compared to CAD 18.06 million a year ago. Basic earnings per share from continuing operations was CAD 0.2 compared to CAD 0.18 a year ago. Diluted earnings per share from continuing operations was CAD 0.2 compared to CAD 0.18 a year ago.