Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
PetroTal Corp (GB:PTAL)
LSE:PTAL
Holding GB:PTAL?
Track your performance easily
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:May 28, 2019
|% Change Since: 7.01%
|Next Earnings Date:May 28, 2019
Earnings Call Sentiment|Neutral
The earnings call revealed strong production growth and consistent dividend payments, but these were offset by challenges such as declining oil prices and reduced net income due to noncash charges. The company's liquidity remains strong, though future spending is expected to reduce the cash balance.Company Guidance
During the PetroTal Q3 2024 earnings call, several key metrics and strategic updates were discussed. The company's production averaged over 15,200 barrels of oil per day, which was a decrease of 3,000 barrels from the prior quarter but an increase of over 4,000 barrels compared to the same period last year, surpassing the guidance of 13,000 barrels per day. Year-to-date production was 17,200 barrels per day, exceeding the mid-range of annual guidance. PetroTal returned more than $53 million to shareholders through dividends and buybacks, maintaining a quarterly dividend of $0.015 per share for the seventh consecutive quarter. Financially, the company reported an EBITDA of $47.5 million for Q3, a 32% decrease from Q2 but a 20% increase year-over-year, with a year-to-date total EBITDA of over $188 million. The Brent benchmark oil price averaged $77 and $74 per barrel in Q3, affecting net operating income. The company also highlighted ongoing efforts to improve transportation and marketing strategies, with 89% of crude sold via the Brazil export route and plans to explore new routes in 2025. PetroTal's cash balance increased to $133 million, despite a reduction in net surplus due to derivative liability changes and accrued tax liabilities. The acquisition of a new drilling rig was financed through a 36-month lease agreement, expected to yield cost savings and greater operational flexibility.Production Increase
PetroTal's production averaged over 15,200 barrels of oil per day in Q3 2024, marking a 39% increase compared to the same period last year.
Dividend Consistency
PetroTal declared a regular quarterly dividend of $0.015 per share, marking the seventh consecutive quarter of dividend payments.
Strong Cumulative Production
Cumulative production at the Bretaña field is 23% ahead of the same period last year.
Financial Liquidity
PetroTal's cash balance increased to $133 million at the end of Q3 2024, with access to more than $77 million in short-term credit facilities.
---
GB:PTAL 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
---
GB:PTAL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | 35.28p | 34.79p | -1.37% |
| Aug 08, 2024 | 36.99p | 37.60p | +1.66% |
| May 09, 2024 | 44.80p | 43.41p | -3.11% |
| Mar 21, 2024 | 41.74p | 41.55p | -0.45% |
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.
---
FAQ
When does PetroTal Corp (GB:PTAL) report earnings?
PetroTal Corp (GB:PTAL) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is PetroTal Corp (GB:PTAL) earnings time?
PetroTal Corp (GB:PTAL) earnings time is at Apr 23, 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 PetroTal Corp stock?
The P/E ratio of PetroTal Corp is N/A.
What is GB:PTAL EPS forecast?
Currently, no data Available
---