Canacol Energy 5/9/2024 Earnings Report

Canacol Energy EPS Results

• Actual EPS: $0.11
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Canacol Energy Revenue Results

• Actual Revenue: $77.69 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Canacol Energy Announcement Details

• Date: 5/9/2024
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Canacol Energy (OTCMKTS:CNNEF) is an independent upstream company specializing in the exploration, development and production of natural gas. Headquartered in Calgary, the company’s principal operations are located in Colombia’s Llanos and Middle Magdalena basins. Canacol holds interests in key gas-producing assets such as the Caricare and Tisquirama hubs, with reserves tied into midstream infrastructure that serves domestic power generation, industrial users and residential markets.

Since its founding in 1995, Canacol has pursued growth through farm-in agreements, strategic asset acquisitions and focused appraisal drilling. The company applies 3D seismic programs and well optimization techniques to de-risk new prospects and extend the productive life of existing fields. Investments in compressor stations and pipeline enhancements—most notably the TransMar pipeline—support reliable gas delivery and positioning for future expansions.

Canacol’s leadership team is headed by President and Chief Executive Officer Isaac Moura, backed by a management group with extensive Latin American oil and gas experience. The board and executive officers emphasize operational efficiency, cost control and disciplined capital allocation to drive consistent production growth and reserve additions.

Committed to environmental stewardship and social responsibility, Canacol implements safety and emissions-management practices across its operations. The company engages with local communities on infrastructure and development initiatives, aiming to balance resource development with sustainable social and environmental outcomes. Looking ahead, Canacol Energy continues to evaluate opportunities to strengthen its core portfolio while exploring complementary plays that align with its strategic growth objectives.