Paramount Resources Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 418.6 million compared to CAD 609.8 million a year ago. Net income was CAD 87.2 million compared to CAD 221.9 million a year ago. Basic earnings per share from continuing operations was CAD 0.61 compared to CAD 1.57 a year ago. Diluted earnings per share from continuing operations was CAD 0.59 compared to CAD 1.51 a year ago.
For the nine months, revenue was CAD 1,347.1 million compared to CAD 1,382.4 million a year ago. Net income was CAD 358.2 million compared to CAD 420.8 million a year ago. Basic earnings per share from continuing operations was CAD 2.51 compared to CAD 2.99 a year ago. Diluted earnings per share from continuing operations was CAD 2.42 compared to CAD 2.87 a year ago.