The Canadian oil and gas producer reported a GAAP EPS loss of C$0.40 on C$66.4M revenue amid lower production.
Bonterra Energy reported a first-quarter GAAP loss of C$0.40 per share, missing expectations as revenue fell 6.1% year-over-year to C$66.4M. The decline reflects lower production volumes and shut-in output during the period.
Production averaged 15,463 barrels of oil equivalent (BOE) per day, down from prior levels, with approximately 400 BOE per day of shut-in production. The company did not provide consensus estimates or prior-year EPS comparisons in the release.
No immediate market reaction was disclosed in the announcement.