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Panoro Energy ASA (PESAF)
OTHER OTC:PESAF
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.27Last Year’s EPS
0.04Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: 0.00%
|Next Earnings Date:Aug 22, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in production and shareholder distributions, alongside strategic exploration and development successes. However, challenges such as increased capital expenditure and production delays in Tunisia were noted, alongside discussions on debt management. Overall, the company is positioned strongly for future growth with a focus on infrastructure-led exploration and oil price resilience.Company Guidance
In the Q3 2024 earnings call for PEN.OL, the company provided several key metrics and insights into their financial and operational performance. Notably, the company produced approximately 9,400 barrels per day, generating $36 million in revenue and achieving an EBITDA of $23 million. Year-to-date, revenue reached $180 million, with EBITDA at $101 million. The balance sheet showed ending cash of $19 million and a net debt position of $51 million. The company announced a shareholder distribution in the form of a NOK 50 million return of paid-in capital and highlighted progress in their share buyback program. Despite a challenging market, the company achieved a production target of 13,000 barrels per day, with significant developments in Gabon and Equatorial Guinea. The call also touched on future exploration opportunities, including potential drilling in Gabon and Equatorial Guinea, and anticipated a reduced CapEx of around $40 million for 2025, signaling a shift towards a harvest period with increased free cash flow and less sensitivity to oil price fluctuations.Achievement of Production Target
Production target of 13,000 barrels a day achieved, with new wells coming online in Gabon and Equatorial Guinea.
Shareholder Distribution
Announcement of another shareholder distribution with NOK 50 million return of paid-in capital and progress on share buyback program.
Successful Exploration and Development
Greater than 40,000 barrels a day production achieved in Gabon; successful completion of Ceiba and Okume wells in Equatorial Guinea.
Infrastructure-Led Exploration Prospects
Exploration well Akeng Deep drilled with results expected in December; Bourdon well planned for drilling in early 2025.
Oil Price Resilience
Average price realization year-to-date at $80 per barrel, showing resilience despite recent drops in oil prices.
Future Growth Opportunities
Award of Block EG-23 in Equatorial Guinea offers potential for future exploration with minimal immediate commitments.
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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 |
|---|---|---|---|
| Nov 20, 2024 | $2.70 | $2.70 | 0.00% |
| Aug 22, 2024 | $2.70 | $2.70 | 0.00% |
| May 23, 2024 | $3.20 | $3.35 | +4.69% |
| Feb 22, 2024 | $2.40 | $2.36 | -1.67% |
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 Feb 25, 2025, TBA Not Confirmed.
What is Panoro Energy ASA (PESAF) earnings time?
Panoro Energy ASA (PESAF) earnings time is at Feb 25, 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 2024 (Q4) is 0.27.
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