The earnings call reflects a company facing operational challenges, particularly with the Triton FPSO, but also demonstrates resilience through strong financial management and cost-saving measures. While production was impacted, strategic initiatives and successful cost management provide a positive outlook for future cash generation, although political uncertainties pose potential risks.

Company Guidance -

Q4 2025

During the call, Serica Energy plc provided guidance on various performance metrics and future expectations. The company reported a decrease in production by over 40% in H1 2025 compared to H1 2024, largely due to unscheduled downtime at Triton. Despite this, revenues were slightly less impacted, dropping to $305 million due to stronger Q1 gas prices. Net debt decreased from $83 million to $57 million by the end of June, attributed in part to a $71 million tax rebate. In July, production from the BKR hub improved to nearly 22,000 barrels of oil equivalent per day. The company expects a substantial increase in production and revenue in the second half of 2025 with the Triton FPSO back online. The interim dividend was declared at a level consistent with the 2024 final dividend. Serica's portfolio is set for significant cash generation, with an estimated $300 million in deferred revenue potential due to Triton's issues. Capital expenditures for 2025 are projected at around $0.25 billion, with a focus on the Belinda project and the successful Triton drilling campaign, which came in $31 million under budget. The company continues to evaluate M&A opportunities in the North Sea and beyond, while also planning for future drilling at Bruce and new developments like Kyle.

Successful Cost Savings on Triton Drilling

The Triton drilling program was completed 25 days ahead of schedule and $31 million under budget, indicating strong operational efficiency and cost management.

Increased Production at BKR

Production at the BKR hub increased to nearly 22,000 barrels of oil equivalent per day in July, showing progress in production optimization efforts.

Strong Cash Position and Liquidity

Serica maintained a strong liquidity position of $433 million and reduced net debt from $83 million to $57 million, showcasing financial resilience.

Positive Outlook for Cash Generation

The company expects strong free cash flow in 2026, driven by resumed production at Triton and successful cost management strategies.

Serica Energy (GB:SQZ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:SQZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 23, 2026	2025 (Q4)	- / -	0.02	―	―	―
Aug 05, 2025	2025 (Q2)	-0.07 / -0.07	0.157	-147.62% (-0.23)	―	―
Apr 01, 2025	2024 (Q4)	- / 0.02	-0.185	110.81% (+0.20)	―	―
Sep 10, 2024	2024 (Q2)	- / 0.16	0.474	-66.82% (-0.32)	―	―
Apr 24, 2024	2023 (Q4)	- / -0.18	0.224	-182.59% (-0.41)	―	―
Sep 19, 2023	2023 (Q2)	- / 0.47	0.331	43.21% (+0.14)	―	―
Apr 13, 2023	2022 (Q4)	- / 0.22	0.29	-22.76% (-0.07)	―	―
Sep 27, 2022	2022 (Q2)	- / 0.33	0.01	3057.14% (+0.32)	―	―
Apr 21, 2022	2021 (Q4)	- / 0.29	-0.017	1805.88% (+0.31)	―	―
Sep 28, 2021	2021 (Q2)	- / 0.01	0.048	-78.13% (-0.04)	―	―

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:SQZ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	157.20p	166.00p	+5.60%
Apr 01, 2025	126.16p	136.71p	+8.36%
Sep 10, 2024	103.34p	101.31p	-1.96%
Apr 24, 2024	155.28p	156.00p	+0.46%

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 Serica Energy PLC (GB:SQZ) report earnings?

Serica Energy PLC (GB:SQZ) is schdueled to report earning on Apr 23, 2026, TBA (Confirmed).

What is Serica Energy PLC (GB:SQZ) earnings time?

Serica Energy PLC (GB:SQZ) earnings time is at Apr 23, 2026, TBA (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 the P/E ratio of Serica Energy PLC stock?

The P/E ratio of Serica Energy is N/A.

What is GB:SQZ EPS forecast?

Currently, no data Available

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