CALGARY — Canadian Pure Sources Ltd. reported its first-quarter revenue fell in contrast with a 12 months in the past because it realized decrease costs for artificial crude oil and pure fuel.
CALGARY — Canadian Pure Sources Ltd. reported its first-quarter revenue fell in contrast with a 12 months in the past because it realized decrease costs for artificial crude oil and pure fuel.
The corporate says it earned $987 million or 91 cents per diluted share for the quarter ended March 31.
The end result was down from a revenue of $1.80 billion or $1.62 per diluted share a 12 months earlier.
Product gross sales totalled $9.42 billion, down from $9.55 billion within the first quarter of 2023.
Manufacturing within the quarter averaged 1,333,502 barrels of oil equal per day, up from 1,319,391 a 12 months in the past.
On an adjusted foundation, Canadian Pure says its earnings from operations amounted to $1.37 per diluted share in its newest quarter, down from $1.69 per diluted share in the identical quarter final 12 months.
This report by The Canadian Press was first revealed Might 2, 2024.
Firms on this story: (TSX:CNQ)
The Canadian Press
