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Avance Gas Holding (AVACF)
:AVACF
Earnings Data
Report Date
May 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.03Last Year’s EPS
0.27Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 181.85%
|Next Earnings Date:May 29, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial performance driven by strategic asset sales and significant dividend payouts, despite some challenges with market volatility and unrealized losses on BW shares.Company Guidance
During the Avance Gas Fourth Quarter 2024 Earnings Conference Call on February 12, 2025, CEO Oystein Kalleklev detailed the company's financial performance and strategic actions. The quarter was notably profitable, with a net profit of $210 million and earnings per share of $2.74, driven by the $1 billion sale of 12 VLGCs to BW. After adjusting for asset sales, the company achieved an operational profit of $13 million and adjusted earnings of $0.18 per share. For the full year 2024, Avance Gas posted a net profit of $443 million, or $5.78 per share, its highest ever, largely due to $1.8 billion in asset sales. The company announced a $2 regular cash dividend per share and an extraordinary dividend of $0.75 pending the completion of a transaction with Exmar. Additionally, shareholders will receive one BW share for every four Avance Gas shares owned, with plans to liquidate the company following the final dividend payout in April 2025.Record Net Profit for Q4 2024
Avance Gas achieved a net profit of $210 million for Q4 2024, equating to earnings per share of $2.74, driven by the sale of 12 VLGCs to BW.
Asset Sales Boost Annual Profit
The sale of 16 ships in 2024 resulted in substantial gains, bringing the net profit for the year to $443 million, marking the company's best full-year result ever.
Significant Dividend Payouts
Avance Gas declared a regular cash dividend of $2 per share and an extraordinary dividend of $0.75 per share, along with a dividend in kind of BW shares valued at $3.25 per share.
Strong Cash Position
The company ended the quarter with $176 million in cash and a strong free cash flow of $630 million for the year, largely from asset sales.
Successful Strategy Execution
The company executed its strategy effectively, selling ships at high prices and realizing a total book gain of nearly $0.5 billion from asset sales.
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AVACF 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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AVACF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $2.59 | $2.43 | -6.18% |
| Nov 27, 2024 | $2.08 | $2.24 | +7.69% |
| Aug 28, 2024 | $2.39 | $2.32 | -2.93% |
| May 15, 2024 | $2.81 | $3.10 | +10.32% |
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 Avance Gas Holding (AVACF) report earnings?
Avance Gas Holding (AVACF) is schdueled to report earning on May 29, 2025, TBA Not Confirmed.
What is Avance Gas Holding (AVACF) earnings time?
Avance Gas Holding (AVACF) earnings time is at May 29, 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 AVACF EPS forecast?
AVACF EPS forecast for the fiscal quarter 2025 (Q1) is -0.03.
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