Earnings Alerts

Aker BP ASA (AKRBP) Earnings Surpass Expectations with First Quarter Revenue and Ebitda Hit Estimates

  • Aker BP 1Q revenue stands at $3.08 billion, matching the estimated value of $3.05 billion.
  • The Ebitda reported is at $2.79 billion, surpassing the estimated value of $2.68 billion.
  • The Ebit is at $2.19 billion.
  • The pre-tax income generated is at $2.09 billion, slightly higher than the estimated $2.07 billion.
  • A dividend per share of 60 cents has been declared.
  • The production cost per boe is $6.10, which is less than the estimated cost of $6.85.
  • Exploration expenses incurred are $68.2 million, lesser than the estimated $82.7 million.
  • The EPS is at 84 cents, higher than the estimated EPS of 73 cents.
  • The company’s net debt stands at $3.23 billion.
  • Average production calculated is 448,000 boe/d, higher than the estimated production of 438,143 boe/d.
  • There have been 13 buys, 10 holds, and 1 sell of Aker BP’s stock.

A look at Aker BP ASA Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth5
Resilience4
Momentum3
OVERALL SMART SCORE4.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Aker BP ASA, an oil and gas exploration and production company operating mainly on the Norwegian Shelf, is poised for a favorable long-term outlook according to the Smartkarma Smart Scores. With top scores in Dividend and Growth, the company demonstrates strong potential for investor returns and expansion. Additionally, its high marks in Value and Resilience highlight a solid foundation and ability to weather market fluctuations. While Momentum scores slightly lower, the overall outlook for Aker BP ASA appears promising, making it a company to watch in the energy sector.

Aker BP ASA‘s impressive performance in the Smartkarma Smart Scores underscores its position as a robust player in the oil and gas industry. Emphasizing exploration and production, the company’s focus on petroleum resources on the Norwegian Shelf aligns with its strategic growth initiatives. With strong ratings across key factors such as Dividend, Growth, Value, and Resilience, Aker BP ASA stands out as a company with sound fundamentals and potential for sustained success in the long term, positioning it as an attractive option for investors seeking opportunities in the energy sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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