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Omv Aktiengesellschaft (OMVKY)
:OMVKY
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.66Last Year’s EPS
2.2Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -2.12%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Neutral
OMV demonstrated resilience with strong cash flow and significant achievements in the chemicals and renewable energy sectors despite challenges in refining margins and oil and gas production. The successful exploration and renewable projects indicate strategic growth, balancing the negative impacts from external market conditions.Company Guidance
During OMV's Q3 2024 earnings call, significant metrics were provided to guide stakeholders on the company's performance and future outlook. The company reported a cash flow from operations of EUR 4.4 billion for the first nine months, only slightly below the previous year, despite a challenging macro environment marked by lower oil prices and refining margins. The Clean CCS operating result decreased by 21% to around EUR 1.1 billion, with a stable Clean CCS tax rate of 47%. The Chemicals segment accounted for one-third of the total cash flow of over EUR 1.4 billion in the third quarter. Polyolefin sales volumes, including joint ventures, grew by 9% year-on-year, while oil and gas production was down by 9%. For the full year, OMV adjusted its Brent oil price forecast to $80-$85 per barrel and the refining indicator margin to approximately $7 per barrel. The company maintains a robust cash position of EUR 5.9 billion and expects the divestment of its Malaysian assets by year-end, contributing approximately $900 million. Looking ahead, OMV remains committed to its strategic goals, aiming to achieve 3-4 terawatt hours of renewable power by 2030.Strong Cash Flow Performance
Cash flow from operations in the first 9 months remained strong at EUR 4.4 billion, slightly below the same period last year, despite a softer macro environment.
Significant Growth in Chemicals Segment
Clean operating result of Chemicals grew substantially by EUR 146 million compared to Q3 2023, driven by improved market environment and higher sales volumes.
Exploration Success in the Norwegian Sea
Successful exploration drilling campaign in the Norwegian Sea with estimated recoverable volumes between 30 million and 140 million boe.
Renewable Energy Expansion
OMV Petrom closed acquisitions in photovoltaic and wind power projects, with a projected annual production share to reach around 2.4 terawatt hours.
Record Production Levels at Borouge
Borouge achieved record production levels and highest ever quarterly sales volumes, contributing to improved performance.
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OMVKY 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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OMVKY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $10.39 | $10.51 | +1.15% |
| Jul 31, 2024 | $10.33 | $10.47 | +1.36% |
| Apr 30, 2024 | $10.70 | $10.95 | +2.34% |
| Feb 01, 2024 | $10.28 | $10.31 | +0.29% |
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 Omv Aktiengesellschaft (OMVKY) report earnings?
Omv Aktiengesellschaft (OMVKY) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Omv Aktiengesellschaft (OMVKY) earnings time?
Omv Aktiengesellschaft (OMVKY) earnings time is at Feb 04, 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 OMVKY EPS forecast?
OMVKY EPS forecast for the fiscal quarter 2024 (Q4) is 1.66.
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