Tellurian FY23 EPS $(0.29) Down From $(0.09) YoY, Company Generated Approximately $166.1M In Natural Gas Revenue, Driven By Decreased Realized Natural Gas Prices And Increased Production Volumes For The Year
Portfolio Pulse from Benzinga Newsdesk
Tellurian Inc. reported a FY23 EPS of $(0.29), a decrease from $(0.09) YoY. The company generated around $166.1M in natural gas revenue, attributed to lower realized prices and higher production volumes.
February 23, 2024 | 12:39 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Tellurian Inc. experienced a decrease in EPS to $(0.29) from $(0.09) YoY, despite an increase in natural gas revenue to $166.1M, driven by higher production volumes but lower prices.
The decrease in EPS for Tellurian Inc. indicates a negative impact on profitability, likely due to the lower realized natural gas prices. Although revenue increased due to higher production volumes, the significant drop in EPS could lead to a short-term negative sentiment among investors, potentially affecting the stock price negatively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100