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Okmin Resources Inc (OKMN) Q4 2023 Earnings Report

Comprehensive analysis of Okmin Resources Inc's financial performance for Q4 2023 with historical comparisons and future outlook.

Reported Q: Q4 2023 Rev YoY: -172.8% EPS YoY: N/A Move: 0.00%
Okmin Resources Inc
OKMN
$0.0700 0.00%
Exchange OTC Sector Energy Industry Oil Gas Integrated
Q4 2023
Published: Oct 15, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for OKMN

Reported

Report Date

Oct 15, 2024

Quarter Q4 2023

Revenue

-11.39K

YoY: -172.8%

EPS

0.00

YoY: N/A

Market Move

0.00%

Previous quarter: Q3 2023

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Earnings Highlights

  • EPS of $0.00 increased by 0% from previous year
  • Gross margin of 199.5%
  • Net income of -548.40K
  • "N/A" - N/A
OKMN
Company OKMN
Period Q4 2023
Currency USD
Report Type Quarterly Earnings
Generated Mar 29, 2026

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Executive Summary

Okmin Resources reported a disappointing QQ4 2023 quarter in USD terms, with negative revenue (-$11,387) that translated into a gross loss of -$22,717 and an operating loss of -$532,337. Net income for the quarter was -$548,400, and earnings per share (EPS) were -0.0048 for the class A figure and -0.0032 on a diluted basis. The quarter was characterized by a material drag from other expenses totaling $403,217 and general and administrative expenses of $106,403, driving a substantial operating loss despite a small revenue base. EBITDA stood at -$523,342, and the company carried interest expense of $16,647 and depreciation & amortization of $1,359. These results underscore a cash-burn dynamic in a capital-intensive, small-scale oil and gas operation with 7,459 gross acres and 82 wells located in Oklahoma and Kansas.

Key Performance Indicators

Revenue
Decreasing
-11.39K
QoQ: -234.52% | YoY: -172.84%
Gross Profit
Decreasing
-22.72K
1.99% margin
QoQ: -37.01% | YoY: -5.08%
Operating Income
Decreasing
-532.34K
QoQ: -336.94% | YoY: -445.79%
Net Income
Decreasing
-548.40K
QoQ: -352.75% | YoY: -462.25%
EPS
Stable
0.00
QoQ: -336.36% | YoY: N/A

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2024 0.01 0.00 -27.2% View
Q2 2024 0.01 0.00 -76.7% View
Q1 2024 0.01 0.00 -73.6% View
Q4 2023 -0.01 0.00 -172.8% View
Q3 2023 0.01 0.00 -72.0% View
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