Crescent Point Energy Corp. (CPG.TO) Thursday reported net income of C$951.2 million or C$1.70 per share for the fourth quarter, compared with net loss of C$498.1 million or C$0.90 per share in the same quarter a year ago.
Excluding one-time items, adjusted net earnings from operations declined to C$192.8 million or C$0.34 per share from C$209.8 million or C$0.38 per share last year.
Cash flow from operating activities increased to C$611.3 million from C$589.5 million a year ago.
Adjusted funds flow from operations were C$574.5 million or C$1.03 per share, up from C$522.8 million or C$0.93 per share last year.
Looking ahead, Crescent Point Energy said its fiscal 2024 annual average production guidance of 198,000 to 206,000 boe/d remains unchanged.
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