Serica Energy PLC (GB:SQZ)
LSE:SQZ
Earnings Data
Report Date
Sep 16, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.08Last Year’s EPS
-0.08Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced clear strategic progress (active, accretive M&A, reserves up 19%, strengthened balance sheet trajectory, maintained dividend and robust hedging) with significant operational and accounting headwinds (Triton outages causing an estimated $250m missed revenue, revenues down 20%, reported loss after tax driven by a $130m deferred tax charge). Management expresses confidence in near-term cash generation, asset integration and production growth (targeting ~65,000 b/d), and has taken steps to strengthen capability and hedging. Given the combination of meaningful operational challenges that materially impacted 2025 results but substantial strategic and financial positives that support recovery and growth, the overall tone of the call is constructive and optimistic about 2026.Company Guidance
Material Reserves and Resource Growth
2P reserves increased 19% on a pro forma basis due to M&A; reserves replacement effectively 100% in 2025 (10.2m bbl moved into 2P offsets 10.1m bbl produced). 2C resources increased 16%, including +18.2m bbl from Bruce and +8m bbl from Wagtail, taking total 2C resources to over 100m barrels.
Active, Accretive M&A and Low Entry Cost
Multiple acquisitions completed in 2025 (including Prax Upstream and TotalEnergies completing today) increased and diversified portfolio, added >20,000 barrels/day to production capacity, and added reserves at a low cost of $3.30/ barrel. Net cash received from completed deals amounted to $75m aggregate and deals are expected to be cash-flow accretive.
Clear Production Growth Targets and Early 2026 Momentum
Company expects to increase production materially in 2026 with an ambition of ~65,000 barrels/day by year-end (guidance retained of significantly over 40,000 b/d). Core portfolio production increased 2026 YTD vs Q4; Bruce Hub regularly producing ~20,000 b/d net and a recent fortnight averaged >50,000 b/d following Triton restart. First production from Belinda commenced.
Strong Hedging Performance and Positioning
Year-end hedge book delivered unrealized gains of $75m and realized gains of ~$8m in 2025. Currently hedged for ~60% of 2026 forecast production and ~50% in 2027 (within policy limits), retaining ~40% upside exposure in 2026 and ~55% in 2027; gas volumes ~50% hedged in 2026.
Improved Balance Sheet Trajectory
Net debt at year-end 2025 was $200m (~1x EBITDAX) but has been more than halved since the balance sheet date following completion of deals; management expects to be in a net cash position by end of H1.
Shareholder Returns Maintained
Full-year dividend maintained at 16p per share (including proposed 10p final dividend), with management signaling continued distributions into 2026 while balancing capital allocation.
Low Decommissioning Provision
Decommissioning provisions remain exceptionally low at less than $2 per 2P barrel of oil equivalent, supporting long-term value retention.
Organizational Strengthening and Integration Capability
Targeted senior appointments, strengthened executive team and integration processes; successful operational takeover of GLA / Shetland Gas Plant and integration of TotalEnergies staff and px operations highlighted as execution capability.
GB:SQZ 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:SQZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 26, 2026 | 254.50 p | 255.50 p | +0.39% |
Aug 05, 2025 | 152.24 p | 160.76 p | +5.60% |
Apr 01, 2025 | 122.18 p | 132.39 p | +8.36% |
Sep 10, 2024 | 100.07 p | 98.11 p | -1.96% |
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 Sep 16, 2026, TBA (Confirmed).
What is Serica Energy PLC (GB:SQZ) earnings time?
Serica Energy PLC (GB:SQZ) earnings time is at Sep 16, 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?
GB:SQZ EPS forecast for the fiscal quarter 2026 (Q2) is 0.08.