Norway · Delayed Price · Currency is NOK Vår Energi ASA Earnings Call Transcripts
Fiscal Year 2026
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Record Q1 2026 production and strong financials were driven by high prices and operational efficiency, with $2.7B in revenue and $1.1B CFFO post-tax. Dividend guidance remains robust, and the company is positioned for continued growth and resilience.
Fiscal Year 2025
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2025 saw record production, strong financials, and major project completions, positioning the company for long-term growth and value creation. Guidance for 2026 targets sustained high output, disciplined capital allocation, and attractive dividends, supported by a robust project pipeline and industry-leading ESG performance.
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Transformational production growth and major project completions drove strong Q3 results, with production reaching 370,000 boepd and a Q4 target of 430,000 boepd. Financials remain robust, with $1.2 billion in Q3 post-tax cash flow and $3.6 billion liquidity, supporting stable dividends and a resilient outlook.
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Strong Q1 2025 results with $1.8B revenue, $1.3B cash flow, and 272,000 BOE/day production. Major projects are ramping up, costs are declining, and dividend guidance remains robust at $300M per quarter, supported by a flexible CapEx plan and resilient balance sheet.
Fiscal Year 2024
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Q3 2024 saw resilient operational and financial results, with production averaging 281,000 boe/d and strong cash flow. Guidance for 2024 production is 280,000–290,000 boe/d, with major growth expected as key projects come online. Dividend policy remains at 30% of CFFO after tax.