Capricorn Energy PLC (GB:CNE)
LSE:CNE
Earnings Data
Report Date
Sep 08, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.07Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call communicated a clear operational and financial turnaround: strong production performance, substantial reserve replacement (277%), significant collections ($217M) and a materially improved balance sheet with net cash of $103M. Key positives include EGPC Board approval for concession consolidation (awaiting ratification), disciplined capex and a path to grow liquids exposure. Main concerns are concentrated receivables exposure to EGPC ($86M outstanding), dependency on ratification to unlock full value, near‑term production interruptions from two planned turnarounds and external risks (geopolitics and takeover speculation). On balance, the positives — notably cash recovery, near debt‑free position and strong reserve replacement — outweigh the operational and political risks.Company Guidance
Strong Production Performance
Average production of just over 20,000 BOE/d (working interest basis) in 2025, achieving the higher end of management's guidance and setting a solid exit rate supported by development drilling and reservoir management.
Material Collections and Improved Cash Position
Collections of $217 million in 2025 led to an $86 million receivables balance and Egypt net cash flow of $81 million; year-end net cash of $103 million (net of facility debt), a year‑over‑year cash increase of $80 million.
Near Debt-Free Balance Sheet
Senior facility repaid early and only $30 million remains outstanding on a ring‑fenced junior facility, leaving the company effectively near debt‑free entering 2026.
Major Concession Consolidation Approved by EGPC Board
EGPC Board approval to consolidate and amend 8 jointly held production sharing contracts with Cheiron (awaiting ratification) — expected to improve concession longevity, fiscal terms and unlock development upside.
Significant Reserve Replacement and Resource Base
Replacement of production in 2025 exceeded 250% (277% reserves replacement ratio reported); management cites conversion of ~20 million bbl WI and ~332 million BOE unrisked 2C resources (c.80 million BOE evaluated by GLJ) as a maturation runway.
Capex Discipline and Forward Guidance
2025 capex of $77 million funded improved production performance; 2026 capital guidance of $85–$95 million prioritizing liquids and growth. Liquids weighting to shift from ~40% in 2025 to ~43% in 2026 (≈+3 percentage points, ~+7.5% relative).
GB:CNE 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
GB:CNE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 26, 2026 | 265.00 p | 265.00 p | 0.00% |
Sep 18, 2025 | 201.50 p | 219.50 p | +8.93% |
Mar 27, 2025 | 257.00 p | 253.00 p | -1.56% |
Sep 19, 2024 | 217.00 p | 225.00 p | +3.69% |
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 Capricorn Energy PLC (GB:CNE) report earnings?
Capricorn Energy PLC (GB:CNE) is schdueled to report earning on Sep 08, 2026, TBA (Confirmed).
What is Capricorn Energy PLC (GB:CNE) earnings time?
Capricorn Energy PLC (GB:CNE) earnings time is at Sep 08, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What is the P/E ratio of Capricorn Energy PLC stock?
The P/E ratio of Capricorn Energy PLC is N/A.
What is GB:CNE EPS forecast?
Currently, no data Available