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Advantage Energy (DE:9SA0)
FRANKFURT:9SA0
Holding DE:9SA0?
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
€0.16Last Year’s EPS
€0.17Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -0.84%
|Next Earnings Date:Feb 21, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in production levels, cost management, and strategic infrastructure development, alongside challenges related to volatile gas prices and necessary production curtailments. The company's proactive measures and strategic focus on asset integration and cost efficiency present a positive outlook.Company Guidance
During Advantage Energy Limited's Q3 2024 earnings call, several financial and operational metrics were highlighted. The company reported record production with an average of 34,400 BOEs per day, marking a 12% increase from the previous quarter and a 16% increase from Q3 2023. Liquids production also hit a record of 12,800 barrels per day, contributing to 71% of sales revenue. Operating costs were reduced to $5.55 per BOE, well below the expected $6 per BOE. Capital spending for 2024 was adjusted downwards to between $245 million and $275 million, a reduction of $35 million from the initial budget. The company's net debt remained stable at $122 million. Advantage also discussed its strategic focus on maximizing AFF per share growth and achieving a net debt target of $450 million, with potential noncore asset sales and opportunistic share buybacks considered to accelerate deleveraging.Record Production and Liquids Performance
Third quarter production averaged 34,400 BOEs per day, a 12% increase over the prior quarter and 16% over Q3 2023. Liquids production reached a record 12,800 barrels per day, up 80% over the prior quarter.
Capital Spending Reduction
Capital spending guidance for 2024 reduced to between $245 million and $275 million, a decrease of $35 million from the original budget.
Lower Operating Costs
Third quarter operating costs were $5.55 per BOE, below the expected $6 per BOE.
Strong Asset Integration
Positive early results from the integration of acquired assets, with lower operating costs and shallower production declines than expected.
Strategic Infrastructure Development
Construction of a 75 million cubic foot per day gas plant is ongoing, expected online in Q2 2025, promising significant synergies and reduced costs.
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DE:9SA0 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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DE:9SA0 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | €5.95 | €5.95 | 0.00% |
| Jul 25, 2024 | €6.40 | €6.40 | 0.00% |
| Apr 25, 2024 | €6.90 | €7.15 | +3.62% |
| Mar 04, 2024 | €6.75 | €7.40 | +9.63% |
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 Advantage Energy (DE:9SA0) report earnings?
Advantage Energy (DE:9SA0) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Advantage Energy (DE:9SA0) earnings time?
Advantage Energy (DE:9SA0) earnings time is at Feb 21, 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 the P/E ratio of Advantage Energy stock?
The P/E ratio of Advantage Energy is 30.6.
What is DE:9SA0 EPS forecast?
DE:9SA0 EPS forecast for the fiscal quarter 2024 (Q4) is €0.16.
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