Seplat Energy Reports Strong Performance and Growth Plans
Company Announcements

Seplat Energy Reports Strong Performance and Growth Plans

SEPLAT Petroleum Development (GB:SEPL) has released an update.

Seplat Energy Plc has reported robust operational performance for the first nine months of 2024, highlighted by increased production, successful maintenance, and improved cash generation. Despite a slight decline in revenue, adjusted EBITDA rose by 25%, leading to a 20% increase in quarterly dividends to US3.6 cents per share. The company’s strategic moves, including the acquisition of Mobil Producing Nigeria Unlimited, are set to strengthen its position in the Nigerian energy sector.

For further insights into GB:SEPL stock, check out TipRanks’ Stock Analysis page.

Related Articles
Howard KimSEPLAT Petroleum Development (SEPL) Declares Q4 Dividend: Important Details for Shareholders
TipRanks UK Auto-Generated NewsdeskSeplat Energy Declares Interim Dividend for Shareholders
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App