Panoro Energy ASA (PESAF)
OTHER OTC:PESAF
Earnings Data
Report Date
Aug 20, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.09Last Year’s EPS
0.1Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive operational and strategic outlook: robust reserve base and organic development pipeline, a transformational Block G acquisition supported by strongly subscribed financing, clear production growth targets (15k bbl/d in 2026 pro forma, 20k bbl/d in 2027 target), and continued shareholder distributions. Near-term weaknesses include Q1 revenue/EBITDA being depressed by timing effects, hedge-related accounting volatility, subsea equipment issues at Ceiba with recovery expected by H1 2027, and a remaining regulatory approval (CEMAC) that could affect the timing of the Block G close and release of restricted cash. Overall, highlights (growth, reserves, financing, operational plans) outweigh the lowlights, though execution and timing on the acquisition and Ceiba remediation remain key watchpoints.Company Guidance
Production Growth and 2027 Target
Pro forma working interest production of ~15,000 barrels of oil per day in Q1 2026; on course to reach 20,000 bbl/d in 2027 once work programs (Ceiba recovery, MaBoMo Phase 2, other investments) are completed.
Strong Reserves and Long Reserve Life
Reported pro forma 2P reserves of 84 million barrels, implying ~15 years of production at Q1 run-rate; pro forma 2P + 2C base of 169 million barrels highlights a large organic growth pipeline.
Transformational Block G Acquisition and Financing
Acquisition of an additional 40.375% interest in Block G (Ceiba/Okume) expected to close in Q3 (pending CEMAC clearance); transaction described as doubling the reserve base and materially increasing scale. Financing strongly supported: USD 150 million bond tap and USD 49 million private placement, both multiple times oversubscribed and closed within hours.
Pro forma Price Realization and Hedging Position
Pro forma price realization averaged ~$114 per barrel; active hedging program protecting downside with a blended average hedge of $76.5/bbl for upcoming 2026 liftings, leaving meaningful upside to current prices.
Cash Position and Shareholder Distributions
Reported cash of USD 218 million at quarter end (including restricted cash of ~USD 148 million tied to Block G closing). Continued returns to shareholders with a NOK 50 million distribution announced for the quarter (consistent with prior policy and bond framework).
Operational Performance and Development Catalysts
Dussafu (Dussafu/Dussafu block) uptime >95%; MaBoMo Phase 2 drilling campaign on track for summer with expectation of FPSO reaching nameplate 40,000 bbl/d when all 4 wells are online (targeted summer 2027 recovery timeline). Bourdon discovery (3.7 million barrel discovery reported) and Estrella (EG-23) 2C resource recognition and high-grading provide near-term development upside.
Clear Block G Recovery Upside
Current recovery factor for Ceiba/Okume ~20–21% with a target to reach 30% by 2035–2040; management noted every 1% recovery uplift equates to ~25 million barrels of reserves, underscoring material upside potential.
CapEx Discipline and Guidance
Full-year 2026 capex guidance maintained at USD 55 million (excludes acquisition costs). Management reiterated disciplined capital allocation and commitment to strong returns.
PESAF 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
PESAF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 21, 2026 | $3.66 | $3.66 | 0.00% |
Feb 25, 2026 | $2.43 | $2.43 | 0.00% |
Nov 20, 2025 | $2.05 | $2.05 | 0.00% |
Aug 21, 2025 | $2.12 | $2.12 | 0.00% |
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.
FAQ
When does Panoro Energy ASA (PESAF) report earnings?
Panoro Energy ASA (PESAF) is schdueled to report earning on Aug 20, 2026, Before Open (Confirmed).
What is Panoro Energy ASA (PESAF) earnings time?
Panoro Energy ASA (PESAF) earnings time is at Aug 20, 2026, Before Open (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 PESAF EPS forecast?
PESAF EPS forecast for the fiscal quarter 2026 (Q2) is 0.09.