08:08 AM EDT, 03/14/2025 (MT Newswires) -- Bonterra Energy ( BNEFF ) on Friday said full-year 2024 net earnings plunged, falling well short of analysts' expectations.

The company posted net earnings of $10.2 million, or $0.27 per diluted share, missing the analyst consensus earnings forecast of $0.57 per share compiled by FactSet.

In 2023, the company earned $44.9 million, or $1.20 per diluted share.

Revenue totaled $280.0 million, dropping from $319.5 million in 2023 and below the analyst consensus sales estimate of $283.9 million compiled by FactSet.

Production increased to a record 14,846 barrels of oil equivalent per day (boe/d) from 14,204 boe/d.

The company reaffirmed its 2025 production guidance of 14,600 to 14,800 boe/d, with capital expenditure pegged at $65 million to $75 million.