Top Page
Serica Energy
(LSE:SQZ)
Serica Energy (SQZ) vs. iShares MSCI United Kingdom ETF (EWC)
Serica Energy Business Overview & Revenue Model
Serica Energy Earnings Call Summary
Serica Energy Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 657.44M | 727.18M | 632.64M | 998.52M | 514.14M | 125.64M |
| Gross Profit | 290.19M | 223.20M | 306.57M | 730.40M | 386.82M | -2.92M |
| EBITDA | 389.90M | 380.03M | 538.44M | 684.98M | 172.68M | 51.55M |
| Net Income | -7.19M | 92.43M | 102.98M | 215.17M | 79.29M | 7.78M |
Balance Sheet | ||||||
| Total Assets | 1.26B | 1.46B | 1.58B | 862.38M | 686.67M | 447.46M |
| Cash, Cash Equivalents and Short-Term Investments | 362.20M | 118.58M | 263.12M | 414.43M | 80.08M | 89.33M |
| Total Debt | 173.14M | 224.32M | 213.03M | 213.00K | 0.00 | 516.00K |
| Total Liabilities | 602.79M | 668.29M | 582.80M | 453.66M | 414.14M | 247.62M |
| Stockholders Equity | 658.08M | 796.46M | 655.26M | 408.72M | 272.53M | 199.85M |
Cash Flow | ||||||
| Free Cash Flow | -3.20M | 21.39M | 23.67M | 569.11M | 105.44M | 17.43M |
| Operating Cash Flow | 150.53M | 281.56M | 98.01M | 688.45M | 157.60M | 44.07M |
| Investing Cash Flow | -141.73M | -253.91M | -108.77M | -229.19M | -134.35M | -47.94M |
| Financing Cash Flow | -167.16M | -213.28M | -154.37M | -56.08M | -9.25M | -7.99M |
Serica Energy Technical Analysis
Serica Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | £852.87M | -33.28 | -4.31% | 7.37% | -32.89% | -239.58% | |
| ― | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
| ― | £393.21M | -1,132.50 | -0.09% | 8.32% | 38.03% | 94.56% | |
| ― | £222.77M | -2.64 | -26.37% | 3.71% | -18.05% | -634.88% | |
| ― | £733.10M | -4.67 | -22.53% | 8.64% | 56.20% | -185.69% | |
| ― | £381.22M | -29.69 | ― | ― | -100.00% | -84.62% |
Serica Energy Corporate Events
Serica Energy has announced a delay in its planned move from the AIM to the Main Market of the London Stock Exchange, initially expected to be completed in the fourth quarter of 2025. The delay is attributed to recent mergers and acquisitions, which necessitate additional regulatory disclosures, including a Competent Person’s Report on acquired reserves and resources. The company now anticipates completing the move after publishing its audited FY 2025 accounts and consolidated year-end information, reflecting its commitment to advancing its market position despite the temporary setback.
The most recent analyst rating on (GB:SQZ) stock is a Buy with a £240.00 price target. To see the full list of analyst forecasts on Serica Energy stock, see the GB:SQZ Stock Forecast page.
Serica Energy announced the resumption of production at the Triton FPSO following a temporary suspension due to an issue with the flare system. Production has now ramped up to over 25,000 boepd net to Serica, aligning with the company’s operational expectations. This development is significant for Serica’s production capabilities and may positively impact its market positioning and stakeholder confidence.
The most recent analyst rating on (GB:SQZ) stock is a Buy with a £240.00 price target. To see the full list of analyst forecasts on Serica Energy stock, see the GB:SQZ Stock Forecast page.
Serica Energy has announced an agreement to acquire BP’s stake in the P111 and P2544 licences in the UK Central North Sea, which includes a significant interest in the Culzean gas condensate field. This acquisition, if completed, is expected to significantly enhance Serica’s production and cash flows, positioning it as a major player in the UK North Sea gas market. The transaction involves an upfront cash consideration of $232 million and potential contingent payments, with funding sourced from interim cashflows and existing financial resources. The acquisition is subject to a pre-emption period, allowing current partners the option to acquire BP’s stake on the same terms.
The most recent analyst rating on (GB:SQZ) stock is a Buy with a £240.00 price target. To see the full list of analyst forecasts on Serica Energy stock, see the GB:SQZ Stock Forecast page.
Serica Energy has announced a temporary suspension of production at the Triton FPSO due to an issue with the flare system, which is expected to result in production levels falling below the previously guided range of 29,000 to 32,000 boepd. The company is engaging with the operator to address the issue and improve performance, aiming to align production levels with the subsurface potential. This situation highlights operational challenges for Serica, impacting its production forecasts and potentially affecting stakeholder confidence.
The most recent analyst rating on (GB:SQZ) stock is a Buy with a £240.00 price target. To see the full list of analyst forecasts on Serica Energy stock, see the GB:SQZ Stock Forecast page.
Serica Energy has announced the acquisition of Prax Upstream Limited, which includes a 100% interest in the Lancaster field and various stakes in other North Sea assets. This acquisition, valued at $25.6 million, is expected to diversify Serica’s portfolio, increase reserves, and enhance cash flow. The deal positions Serica as a significant operator in the West of Shetland basin, with new opportunities for production and growth. The acquisition is anticipated to be completed by the end of 2025, with further financial benefits expected in 2026, including substantial free cash flow and low decommissioning liabilities.
The most recent analyst rating on (GB:SQZ) stock is a Hold with a £160.00 price target. To see the full list of analyst forecasts on Serica Energy stock, see the GB:SQZ Stock Forecast page.
Serica Energy announced a temporary reduction in production at the Triton FPSO due to maintenance and subsea intervention work. The production guidance for 2025 has been adjusted from 33,000-35,000 boepd to 29,000-32,000 boepd. The maintenance includes addressing a vibration issue in the compression trains, with normal operations expected to resume by the end of September. Additionally, subsea work on the Bittern field scheduled for November will temporarily halt production from the Evelyn and Gannet fields, reducing output by over 20,000 boepd. These developments are crucial for stakeholders as they impact Serica’s production targets and operational efficiency.
The most recent analyst rating on (GB:SQZ) stock is a Hold with a £184.00 price target. To see the full list of analyst forecasts on Serica Energy stock, see the GB:SQZ Stock Forecast page.
Serica Energy has announced the first lifting of oil from the Triton FPSO following the resumption of production. Production is ramping up as planned, with several wells being brought online, and Triton Hub production averaging 20,000 boepd net to Serica. The company maintains its production guidance for the year at 33,000 to 35,000 boepd, despite the annual maintenance period at the Bruce Hub.
The most recent analyst rating on (GB:SQZ) stock is a Buy with a £2.15 price target. To see the full list of analyst forecasts on Serica Energy stock, see the GB:SQZ Stock Forecast page.
Serica Energy’s recent earnings call painted a picture of a company navigating operational challenges with resilience and strategic foresight. Despite facing significant hurdles, particularly with the Triton FPSO, the company demonstrated strong financial management and cost-saving measures, which provide a positive outlook for future cash generation. However, political uncertainties remain a potential risk factor.
Serica Energy reported a resilient financial performance for the first half of 2025, despite challenges such as the downtime at the Triton FPSO. The company is optimistic about increasing production levels to around 50,000 boepd with new wells coming onstream and optimization work at the Bruce Hub. The company is also advancing future production opportunities, including the Belinda field, and plans to replicate the success of its recent drilling campaign. Serica’s robust cash position supports its strategy of funding organic growth and maintaining dividends, while also exploring M&A opportunities in the UK North Sea.
The most recent analyst rating on (GB:SQZ) stock is a Buy with a £185.00 price target. To see the full list of analyst forecasts on Serica Energy stock, see the GB:SQZ Stock Forecast page.