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Panoro Energy ASA (PESAF)
OTHER OTC:PESAF
RESEARCH TOOLSreports
Earnings Data
Report Date
May 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.02Last Year’s EPS
0.1Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -7.95%
|Next Earnings Date:May 22, 2025
Earnings Call Sentiment|Positive
The earnings call highlights a robust financial and operational performance with strong revenue and profitability metrics, increased production targets, and a solid shareholder return strategy. However, challenges such as lower-than-expected oil prices, high capital expenditures, and operational difficulties in Tunisia were noted. Nonetheless, the overall sentiment leans towards a positive outlook given the strategic initiatives and financial results.Company Guidance
During Panoro Energy ASA's Q4 2024 conference call, CEO John Hamilton provided comprehensive guidance on various financial and operational metrics. The company reported $106 million in Q4 revenue, $50 million in EBITDA, and a net profit of $32 million. For the full fiscal year, revenue was $285 million, with an EBITDA of $152 million and a net profit of $56 million. The balance sheet remained robust, with a cash position of $73 million and a net debt of $73 million. Production guidance for 2025 was set between 11,000 to 13,000 barrels per day, with production OpEx around $21 per barrel and $3 of non-recurring project costs. Capital expenditure for 2025 is projected at $35 million, down from a heavy $100 million in 2024. The company also announced a significant increase in shareholder distributions, targeting a 500 million NOC distribution, with a quarterly dividend of 80 million kroner. This represents an implied yield of around 15% to 16%, based on the current market cap. The strategic rationale for a recent bond issue, designed to replace the reserve-based loan, was highlighted as providing greater financial flexibility with a 10.25% interest rate and potential for further acquisitions.Strong Financial Performance
Panoro Energy reported a very strong quarter with $106 million in Q4 revenue, $50 million EBITDA, and a net profit of $32 million. For the full year, revenue was $285 million with $152 million EBITDA and a net profit of $56 million.
Increase in Production Guidance
The company provided a production guidance for 2025 of between 11,000 and 13,000 barrels a day, up from the 10,000 barrels a day average in 2024.
Shareholder Return Commitment
Announced a 500 million NOC target distribution for 2025, through quarterly returns of paid-in capital, share buybacks, and potential special dividends, with an implied yield of 15% to 16%.
Successful Bond Issue
Issued a senior secured bond at 10.25%, saving approximately 200 basis points compared to the previous loan, providing great flexibility within the capital structure.
Exploration and Expansion
New blocks added in Equatorial Guinea and Gabon; a new exploration license in Equatorial Guinea next to major fields, creating potential for future development.
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PESAF 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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PESAF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $2.64 | $2.64 | 0.00% |
| Nov 20, 2024 | $2.60 | $2.60 | 0.00% |
| Aug 22, 2024 | $2.56 | $2.56 | 0.00% |
| May 23, 2024 | $3.00 | $3.14 | +4.67% |
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 Panoro Energy ASA (PESAF) report earnings?
Panoro Energy ASA (PESAF) is schdueled to report earning on May 22, 2025, TBA Not Confirmed.
What is Panoro Energy ASA (PESAF) earnings time?
Panoro Energy ASA (PESAF) earnings time is at May 22, 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 PESAF EPS forecast?
PESAF EPS forecast for the fiscal quarter 2025 (Q1) is -0.02.
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