LNG Energy Group (TSE:LNGE) has released an update.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
LNG Energy Group has reported a mixed first quarter for 2024, with notable achievements including an adjusted EBITDAX of $5.9 million and a strong operating netback, as well as the repayment of $8.9 million in bank debt. However, the company also suffered a net loss of $5.5 million. Additionally, they’ve secured two contracts to develop hydrocarbon production in Venezuela, signaling potential future growth.
For further insights into TSE:LNGE stock, check out TipRanks’ Stock Analysis page.