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Aker ASA (AKAAF)
:AKAAF
Earnings Data
Report Date
May 09, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
52.08Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 14, 2025
|% Change Since: -3.40%
|Next Earnings Date:May 09, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive sentiment with several highlights such as strong dividend distribution, growth in key business areas like Aker BP and Cognite, and successful strategic transactions. However, some challenges were noted in the renewable sector and geopolitical uncertainties impacting market dynamics.Company Guidance
During Aker's fourth-quarter 2024 presentation, several key financial metrics and strategic updates were highlighted. The company's net asset value was NOK58.2 billion after dividends, rising from NOK57 billion in the previous quarter, while the share price increased by nearly 7% including dividends. Aker's total dividend distribution for 2024 was NOK3.8 billion or NOK51 per share, with a proposed cash dividend of NOK26.5 per share for 2025. Aker BP, a cornerstone of Aker's portfolio, demonstrated strong operational performance with a low cost of US$6.2 per barrel and a CO2 intensity of 2.6 kilograms per barrel. The company announced a 5% base dividend growth for 2025 and aims for a production outlook of over 500,000 barrels per day into 2030. Cognite, with a 40% increase in annual recurring revenue to US$94 million, was recognized as a leading DataOps and AI platform. Aker's financial position remains robust, with a net interest-bearing debt of NOK2 billion and a total liquidity buffer of NOK8.4 billion. The company's dividend policy, set at 4% to 6% of net asset value, was maintained, while upstream cash flow is expected to reach NOK5.5 billion in 2025.Increase in Net Asset Value
Aker's net asset value increased to NOK60.8 billion before dividends, up from NOK57 billion the previous quarter.
Strong Dividend Distribution
Aker distributed NOK3.8 billion in dividends in 2024, with a proposed cash dividend of NOK26.5 per share for 2025.
Aker BP's Strong Operational Performance
Aker BP reported a low cost of US$6.2 per barrel and low CO2 emissions, with a 93% production efficiency and a base dividend growth of 5% in 2025.
Cognite's Growth in AI and Data Solutions
Cognite's annual recurring revenue increased by 40% to US$94 million, with strong commercial development and expansion into new sectors.
Successful Transactions and Strategic Moves
Aker Solutions secured NOK17 billion in project wins, and Aker Carbon Capture distributed NOK3.5 billion in dividends due to its strategic sales.
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AKAAF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AKAAF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 14, 2025 | $53.00 | $56.52 | +6.64% |
| Nov 06, 2024 | $51.42 | $51.22 | -0.39% |
| Jul 17, 2024 | $59.18 | $60.16 | +1.66% |
| May 08, 2024 | $57.31 | $56.84 | -0.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Aker ASA (AKAAF) report earnings?
Aker ASA (AKAAF) is schdueled to report earning on May 09, 2025, TBA Not Confirmed.
What is Aker ASA (AKAAF) earnings time?
Aker ASA (AKAAF) earnings time is at May 09, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AKAAF EPS forecast?
Currently, no data Available
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