Investing.com - Crescent Point Energy (TSX:CPG) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of C$2.03 on revenue of C$984.4M. Analysts polled by Investing.com forecast EPS of C$0.4073 on revenue of C$937.50M. .
Crescent Point Energy shares lost 1.50% to trade at C$8.53 in intra-day trade following the report.
For the year, Crescent Point Energy shares are up 2.13%, outperforming the S&P/TSX which is down 7.35% year to date.
Crescent Point Energy follows other major Energy sector earnings this month
On Thursday, May 5, 2022, Canadian Natural reported first quarter EPS of C$2.68 on revenue of C$10.68B, compared to forecasts of EPS of C$2.44 on revenue of C$8.93B.
TC Energy earnings beat analyst's expectations on Friday, April 29, 2022, with first quarter EPS of C$1.12 on revenue of C$3.5B. Investing.com analysts expected EPS of C$1.11 on revenue of C$3.32B
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