11:55 AM EDT, 03/15/2024 (MT Newswires) -- Cardinal Energy Ltd. ( CRLFF ) on Thursday reported fourth-quarter adjusted funds flow of $64 million, or $0.40 per diluted share, down from $68.2 million, or $0.43 per diluted share, a year earlier.

The company reported earnings for the quarter ended Dec. 31, 2023, of $20.4 million, or $0.13 per diluted share, down from $113.9 million, or $0.71 per diluted unit, a year earlier.

A sole analyst polled by Capital IQ expected $0.17.

Petroleum and natural gas revenue for Q4 was $148 million, down from $154.9 million a year ago. A sole analyst surveyed by Capital IQ expected $147.6 million.

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