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Complete financial analysis of Permex Petroleum Corporation (OILCF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Permex Petroleum Corporation, a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Permex Petroleum Corporation (OILCF)
About Permex Petroleum Corporation
Permex Petroleum Corporation, a junior oil and gas company, engages in the acquisition, development, and production of oil and gas properties in the United States. The company holds interests in the Pittcock North property that covers an area of 320 acres, as well as the Pittcock South property that covers an area of 498 acres located on the Eastern Shelf of the Midland Basin; Mary Bullard property that covers an area of 241 acres located in Stonewall County; and Windy Jones property, which covers an area of 40 acres. It also holds interests in the West Henshaw property, which covers an area of 1,880 acres located in Eddy County, New Mexico; Oxy Yates property that covers an area of 680 acres located in Eddy County; and Breedlove field includes an area of 7,741.67 acres in Martin Country, Texas. In addition, the company has royalty interests 73 wells and 5 permitted wells across 3,800 acres within the Permian Basin of West Texas and southeast New Mexico. Permex Petroleum Corporation was incorporated in 2017 and is headquartered in Vancouver, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 688.83K | 1.20M | 106.89K | 917.72K | 1.61M | 941.09K | 46.78K |
| Cost of Revenue | 1.03M | 1.28M | 198.64K | 822.44K | 1.05M | 688.47K | 40.86K |
| Gross Profit | -345.48K | -76.91K | -91.75K | 95.28K | 557.62K | 252.62K | 5.92K |
| Gross Profit Ratio | -50.15% | -6.40% | -85.84% | 10.38% | 34.70% | 26.84% | 12.66% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 3.54M | 3.82M | 559.22K | 547.59K | 1.02M | 2.38M | 0.00 |
| Selling & Marketing | 0.00 | 838.65K | 34.50K | 18.80K | 227.66K | 419.10K | 0.00 |
| SG&A | 3.54M | 3.82M | 593.71K | 566.38K | 1.25M | 2.80M | 164.49K |
| Other Expenses | 98.04K | 75.26K | 14.82K | 60.99K | 77.42K | -40.63K | 0.00 |
| Operating Expenses | 3.63M | 3.90M | 608.53K | 627.37K | 1.32M | 2.84M | 164.49K |
| Cost & Expenses | 4.67M | 5.18M | 807.17K | 1.45M | 2.37M | 3.53M | 205.34K |
| Interest Income | 108.00 | 8.06K | 0.00 | 0.00 | 1.40K | 0.00 | 0.00 |
| Interest Expense | 4.26K | 41.83K | 37.82K | 40.69K | 70.00K | 33.12K | 2.86K |
| Depreciation & Amortization | 154.83K | 271.69K | 148.59K | 133.91K | 169.02K | 85.09K | 5.22K |
| EBITDA | -3.78M | -3.16M | -1.18M | -414.80K | -672.01K | -2.54M | -152.94K |
| EBITDA Ratio | -548.88% | -315.58% | -516.30% | -45.20% | -41.82% | -269.49% | -327.80% |
| Operating Income | -3.98M | -3.97M | -723.28K | -487.72K | -763.61K | -2.59M | -158.56K |
| Operating Income Ratio | -577.74% | -330.15% | -676.65% | -53.14% | -47.52% | -275.51% | -338.96% |
| Total Other Income/Expenses | 39.68K | -560.68K | 317.26K | -1.20M | -393.58K | -33.12K | -2.46K |
| Income Before Tax | -3.94M | -3.71M | -1.59M | -1.69M | -1.16M | -2.63M | -161.02K |
| Income Before Tax Ratio | -571.98% | -309.02% | -1,485.58% | -184.01% | -72.02% | -279.03% | -344.22% |
| Income Tax Expense | 1.37M | -264.95K | 62.97K | 85.07K | -272.00K | 272.00K | -3.00 |
| Net Income | -3.94M | -3.47M | -1.58M | -1.69M | -885.18K | -2.90M | -161.02K |
| Net Income Ratio | -571.98% | -309.02% | -1,480.94% | -184.01% | -55.09% | -307.94% | -344.22% |
| EPS | -11.97 | -8.99 | -11.83 | -10.13 | -5.65 | -19.33 | -0.80 |
| EPS Diluted | -11.97 | -8.99 | -11.83 | -10.13 | -5.65 | -19.33 | -0.80 |
| Weighted Avg Shares Out | 508.81K | 385.75K | 169.74K | 166.77K | 156.59K | 149.89K | 200.30K |
| Weighted Avg Shares Out (Dil) | 508.81K | 385.75K | 169.74K | 166.77K | 156.59K | 149.89K | 200.30K |
Permex Petroleum Provides Update Regarding Management Cease Trade Order
Permex Petroleum Announces Filing of Application for Management Cease Trade Order
Permex Petroleum Corporation to Consolidate its Common Shares
Permex Petroleum Announces Close of Warrant Exercise Incentive Program
Permex Petroleum Corporation Appoints J.P. Bryan and Jay Lendrum to its Board of Directors
Permex Petroleum Corporation Announces Grant of Stock Options
Permex Petroleum Corporation Executes Definitive Agreement to Acquire Transformational 7,800-Acre Oil & Gas Asset in the Core of Permian Basin of West Texas
Permex Petroleum Corporation Signs Transformational LOI to Acquire a 7,800-Acre Oil & Gas Asset in the Permian Basin of West Texas
Permex Petroleum Announces Additional Oil and Natural Gas Royalty Acquisitions in Texas
Permex Petroleum Announces Application for DTC Eligibility for Its Shares on OTCQB Market
Source: https://incomestatements.info
Category: Stock Reports