09:09 AM EDT, 03/14/2025 (MT Newswires) -- InPlay Oil ( IPOOF ) reported Friday comprehensive earnings in the fourth quarter of 2024 that missed analysts' estimates on lower than expected revenues as production slipped.

The company declared a comprehensive income of $2.2 million, or $0.02 per share, below the analyst consensus earnings forecast of $0.04 per share compiled by FactSet.

The result was down from a comprehensive income of $11.6 million, or $0.13 per share, booked in the year-ago period.

Sales stood at $40.0 million, dropping from $47.6 million and missing the analyst consensus sales estimate of $42.8 million compiled by FactSet.

Production slipped to 9,376 barrels of oil equivalent per day (boe/d) from 9,596 boe/d.

"2024 was a year of disciplined execution, operational efficiency, and delivering shareholder returns," the company said in its message to shareholders. "We remain focused on financial strength, sustainable production, and value creation for our shareholders."

Meanwhile, the company said its organic 2024 capital program without acquisition/disposition activity resulted in proved developed producing reserves of 17.2 million barrels of oil equivalent (boe), total proved reserves of 43.9 million boe, and total proved plus probable reserves of 58.7 million boe.

IPO eased $0.02 to $1.58 yesterday.