Geo Energy Resources Limited reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 164.74 million compared to USD 153.58 million a year ago. Net income was USD 35.69 million compared to USD 45.46 million a year ago. Basic earnings per share from continuing operations was USD 0.025019 compared to USD 0.032279 a year ago. Diluted earnings per share from continuing operations was USD 0.024949 compared to USD 0.031837 a year ago.
For the nine months, sales was USD 533.07 million compared to USD 373.91 million a year ago. Net income was USD 141.65 million compared to USD 93.99 million a year ago. Basic earnings per share from continuing operations was USD 0.099935 compared to USD 0.066696 a year ago. Diluted earnings per share from continuing operations was USD 0.099866 compared to USD 0.065664 a year ago.