The earnings call reflects a positive sentiment with substantial production increases, cost efficiency, and a strong financial position driven by strategic restructuring. Despite lower Q3 production and oil price challenges, the company demonstrates robust performance and future growth potential.

Company Guidance

During the Q3 2024 earnings call for Valeura Energy, several key metrics and guidance were discussed. Production in Q3 slightly exceeded that of Q2, despite challenges with the Wassana field, and is expected to reach around 26,000 barrels per day in Q4, reflecting a more than 35% increase over Q4 2023. For 2025, production is anticipated to surpass current analyst consensus. Operational costs are aligning with guidance, with CapEx at the low end of the forecast. Notably, efficiencies have allowed for 22 production wells against an original plan of 16. Cash flow was robust, ending Q3 with $156 million and a record high inventory of 1.2 million barrels. A significant corporate restructuring was completed, enabling access to $400 million in tax losses, boosting near-term cash flow. Additionally, a share buyback program was initiated, supported by the strong balance sheet and expected accelerated cash flow. Overall, Valeura Energy remains focused on maintaining production levels, optimizing capital allocation, and seeking value-accretive M&A opportunities.

Significant Production Increase

Q4 production expected around 26,000 barrels per day, up more than 35% from Q4 2023, with potential 2025 production exceeding current analyst consensus.

Cost Management and Efficiency Gains

CapEx at the low end of guidance with improved drilling efficiency yielding 22 production wells against an original plan of 16. Operational costs are improving with OpEx per barrel at $26.3.

Corporate Restructuring and Tax Efficiency

Completion of corporate restructuring allows Thai assets to access $400 million in tax losses, significantly enhancing cash flow.

Strong Cash Flow and Financial Position

Ending Q3 with $156 million in cash, highest inventory of 1.2 million barrels, and strong adjusted working capital of $160 million.

Share Buyback Program Initiated

Announcement of a share buyback program with a maximum of 7.3 million shares, reflecting confidence in undervalued share price.

Environmental and Safety Achievements

Expected 15% reduction in greenhouse gas emissions intensity and no lost time incidents or spills reported.

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Valeura Energy (TSE:VLE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:VLE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 09, 2018	2018 (Q2)	- / -0.02	-0.007	-140.00% (-0.01)	―	―
Nov 13, 2018	2018 (Q3)	- / -0.03	-0.069	54.17% (+0.04)	―	―
Mar 14, 2019	2018 (Q4)	- / >-0.01	-0.013	44.44% (<+0.01)	―	―
May 09, 2019	2019 (Q1)	- / -0.04	-0.03	-42.86% (-0.01)	―	―
Aug 12, 2019	2019 (Q2)	- / -0.02	-0.017	-25.00% (>-0.01)	―	―
Nov 13, 2019	2019 (Q3)	- / 0.00	-0.032	―	―	―
Mar 13, 2020	2019 (Q4)	- / -0.01	-0.007	-60.00% (>-0.01)	―	―
May 12, 2020	2020 (Q1)	- / 0.00	-0.043	―	―	―
Aug 12, 2020	2020 (Q2)	- / -0.03	-0.022	-33.33% (>-0.01)	―	―
Nov 13, 2020	2020 (Q3)	- / -0.03	0	―	―	―

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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TSE:VLE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 13, 2024	C$5.43	C$5.40	-0.55%
Aug 08, 2024	C$4.32	C$4.60	+6.48%
May 09, 2024	C$5.32	C$5.23	-1.69%
Mar 26, 2024	C$4.33	C$4.83	+11.55%

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 Valeura Energy Inc J (TSE:VLE) report earnings?

Valeura Energy Inc J (TSE:VLE) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.

What is Valeura Energy Inc J (TSE:VLE) earnings time?

Valeura Energy Inc J (TSE:VLE) earnings time is at Mar 27, 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 TSE:VLE EPS forecast?

TSE:VLE EPS forecast for the fiscal quarter 2024 (Q4) is 0.75.

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