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SEPLAT Petroleum Development
(LSE:SEPL)
SEPLAT Petroleum Development (SEPL) vs. iShares MSCI United Kingdom ETF (EWC)
SEPLAT Petroleum Development Business Overview & Revenue Model
SEPLAT Petroleum Development Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.93B | 1.12B | 1.06B | 951.79M | 733.19M | 530.47M |
| Gross Profit | 1.07B | 479.90M | 532.00M | 464.74M | 285.19M | 124.58M |
| EBITDA | 1.54B | 523.19M | 427.75M | 410.71M | 404.30M | 107.95M |
| Net Income | 209.16M | 153.35M | 83.13M | 104.71M | 141.78M | -85.32M |
Balance Sheet | ||||||
| Total Assets | 4.59B | 6.40B | 3.40B | 3.54B | 3.89B | 3.45B |
| Cash, Cash Equivalents and Short-Term Investments | 531.26M | 469.86M | 450.11M | 404.34M | 324.49M | 225.14M |
| Total Debt | 1.04B | 1.44B | 757.07M | 774.23M | 770.18M | 704.39M |
| Total Liabilities | 3.22B | 4.55B | 1.60B | 1.78B | 2.19B | 1.79B |
| Stockholders Equity | 1.35B | 1.83B | 1.77B | 1.78B | 1.77B | 1.70B |
Cash Flow | ||||||
| Free Cash Flow | 922.03M | 101.86M | 261.14M | 323.56M | 199.96M | 158.79M |
| Operating Cash Flow | 1.21B | 310.00M | 445.07M | 498.89M | 369.84M | 308.72M |
| Investing Cash Flow | -775.59M | -658.94M | -162.40M | -280.95M | -165.35M | -203.52M |
| Financing Cash Flow | 50.00M | 409.59M | -196.66M | -137.03M | -100.76M | -217.44M |
SEPLAT Petroleum Development Technical Analysis
SEPLAT Petroleum Development Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £2.03B | 12.54 | 12.03% | 5.64% | 159.13% | 143.76% | |
73 Outperform | £1.60B | 9.80 | 17.24% | 10.99% | -2.66% | 0.11% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | £757.85M | -4.60 | -22.53% | 10.49% | 56.20% | -185.69% | |
63 Neutral | £3.74B | -10.09 | -11.32% | 8.77% | 123.03% | -330.89% | |
60 Neutral | £807.67M | -31.67 | -4.31% | 9.30% | -32.89% | -239.58% | |
54 Neutral | £2.97B | -34.05 | -4.67% | 14.05% | 63.10% | -161.03% |
SEPLAT Petroleum Development Corporate Events
Seplat Energy has brought its 300 MMscfd ANOH gas project onstream, marking first gas and the start of commercial supply to Indorama’s petrochemical operations following completion of a new export pipeline and regulatory approvals. Initial output is delivering 40–52 MMscfd of processed gas and 2.0–2.5 kboepd of condensates, with plans to ramp up towards full capacity, add interruptible sales to Nigeria LNG, and ultimately channel volumes through the resumed OB3 pipeline once completed. Developed via an incorporated joint venture with Nigerian Gas Infrastructure Company, the ANOH plant unlocks an estimated 4.6 Tcf of condensate-rich gas, creates dual income streams for Seplat from wet gas sales and dividends, strengthens its position as a leading domestic supplier of LPG and clean cooking fuel, and supports its onshore end-of-routine-flaring programme and carbon-intensity reduction goals. The project, completed without a single Lost Time Incident and identified by the Nigerian government as one of seven critical gas developments, lifts Seplat’s onshore joint-venture gas processing capacity to over 850 MMscfd and is expected to materially bolster revenues, energy access and the company’s contribution to Nigeria’s economic and energy-transition objectives.
The most recent analyst rating on (GB:SEPL) stock is a Buy with a £359.00 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.
Seplat Energy has strengthened its capital markets support in the UK by appointing Canaccord Genuity and Peel Hunt as joint corporate brokers alongside existing adviser Citigroup Global Markets. The move reinforces the Nigerian independent energy producer’s engagement with international investors on both the Nigerian and London stock exchanges at a time when its expanded upstream and gas-processing portfolio is central to domestic power supply and to its positioning in Nigeria’s evolving energy transition landscape.
The most recent analyst rating on (GB:SEPL) stock is a Buy with a £285.00 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.
Seplat Energy has acknowledged a public announcement by founding investor Etablissements Maurel & Prom S.A. on the proposed sale of its 20.07% equity stake in the Nigerian producer to Heirs Energies Limited. While Seplat has yet to receive formal regulatory notification, it has signalled that further updates will follow, with the transaction potentially reshaping its shareholder base and underscoring ongoing portfolio and ownership shifts in Nigeria’s indigenous energy sector.
The most recent analyst rating on (GB:SEPL) stock is a Buy with a £285.00 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.
Seplat Energy’s subsidiaries Seplat West Limited and Seplat East Onshore Limited have completed the conversion of their operated onshore assets from the Petroleum Profit Tax regime to the fiscal framework of Nigeria’s Petroleum Industry Act, covering former OMLs 4, 38, 41 and 53, which accounted for roughly 31% of group production in the first nine months of 2025. Following completion of technical and regulatory steps with the Nigerian Upstream Petroleum Regulatory Commission, including the issuance of new Petroleum Mining Lease and Petroleum Prospecting License numbers, operations under the new regime are expected to start on 1 January 2026, a move the company says was already embedded in its medium-term guidance and is expected to enhance profitability, cash-flow margins and support further investment and production growth, while it continues to work toward converting its offshore assets by 2027.
The most recent analyst rating on (GB:SEPL) stock is a Buy with a £285.00 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.
Seplat Energy Plc has confirmed that Engineer Saidu Aliyu Mohammed will no longer join its board as an Independent Non-Executive Director on 1 January 2026, after he withdrew his acceptance following his appointment by the Federal Government of Nigeria as Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, which created a conflict of interest. The company has publicly supported Mohammed’s new regulatory role, highlighting its industry significance, and has indicated it will announce a future replacement for the board position in due course, a move that underscores ongoing attention to governance and regulatory alignment in Nigeria’s energy sector.
The most recent analyst rating on (GB:SEPL) stock is a Buy with a £285.00 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.
Seplat Energy Plc has announced the appointment of Engineer Saidu Aliyu Mohammed and Mr. Larry Ephraim Ettah as Independent Non-Executive Directors, effective January 1, 2026. This change follows the resignation of two board members and is part of Seplat’s succession plan to enhance its strategic growth objectives. Engineer Mohammed brings over 37 years of experience in the oil and gas industry, having held significant roles in the Nigerian National Petroleum Corporation, while Mr. Ettah is a seasoned business leader with extensive experience in corporate governance and strategic partnerships. Their appointments are expected to strengthen Seplat’s board with their complementary expertise, supporting the company’s continued success and strategic growth.
The most recent analyst rating on (GB:SEPL) stock is a Buy with a £279.00 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.
Seplat Energy Plc has successfully completed the replacement of the Inlet Gas Exchanger module on its East Area Project platform offshore Nigeria. This project, completed on budget, significantly boosts the facility’s NGL sales volumes, which have more than doubled since the EAP complex restarted. The new module is crucial for efficient NGL processing, enhancing Seplat’s production capacity and supporting domestic energy access. The project underscores Seplat’s commitment to growth and value delivery for Nigeria and its stakeholders.
The most recent analyst rating on (GB:SEPL) stock is a Hold with a £270.00 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.
Seplat Energy PLC announced the currency exchange rate for its Q3 2025 interim dividend, applicable to shareholders receiving payments in Naira. The exchange rate is set at US$1 = ₦1,443.08, based on the Central Bank of Nigeria NFEM rate as of November 12, 2025. This announcement is crucial for stakeholders as it impacts the dividend payments and reflects the company’s financial operations in the context of fluctuating currency rates.
The most recent analyst rating on (GB:SEPL) stock is a Buy with a £550.00 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.
Seplat Energy Plc announced an interim dividend of US5 cents and a special dividend of US2.5 cents per ordinary share to be paid to shareholders registered by November 13, 2025. The dividends, payable in Naira and US Dollars, reflect the company’s commitment to rewarding its shareholders and may influence its market positioning positively.
The most recent analyst rating on (GB:SEPL) stock is a Buy with a £312.00 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.
Seplat Energy Plc announced its unaudited results for the nine months ending September 30, 2025, highlighting significant production growth and financial performance. The company reported a 185% increase in production compared to the previous year, with an average of 135,636 boepd. Financially, Seplat generated over $1 billion in after-tax cash flow, reducing net debt by 43% and improving leverage ratios. The company declared a dividend of 7.5 US cents per share, reflecting strong cash generation. Operationally, Seplat made progress in reducing carbon emissions and ending routine flaring onshore, while also facing challenges such as a fire incident at the Yoho production platform.
The most recent analyst rating on (GB:SEPL) stock is a Buy with a £312.00 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.