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Alvopetro Energy Ltd (TSE:ALV)
:ALV
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.22Last Year’s EPS
0.03Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 21, 2019
|% Change Since: 13.35%
|Next Earnings Date:Aug 15, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong production growth, significant increases in funds flow and net income, and a robust financial position with no debt. Despite a decrease in realized sales price and increased production expenses, the implementation of dividends and share buybacks indicates confidence in ongoing financial strength. Overall, the positive aspects outweigh the challenges, suggesting a promising outlook.Company Guidance
During the ALV.V Q3 2024 earnings call, the management provided comprehensive guidance centered on production increases and strategic financial maneuvers. The company reported a 29% quarter-over-quarter increase in production, averaging over 2,100 barrels of oil equivalent per day, with a goal of reaching 3,000 barrels per day. The sales price per barrel decreased from $71.97 in Q2 to $66.46 in Q3, impacted by currency fluctuations, yet the operating netback remained robust at over $59 per BOE, reflecting an 89% profit margin. Alvopetro emphasized its strategic focus on organic growth, planning to reinvest roughly half of its cash flows while returning the other half to stakeholders. This included a dividend yield of over 10% and a share buyback program initiated in Q3, with 103,000 shares repurchased to date. The company maintained a strong balance sheet with $24.5 million in cash and no debt, reinforcing its financial flexibility for future growth initiatives.Significant Increase in Production
Achieved average production of over 2,100 barrels of oil equivalent per day in Q3, up 29% quarter-over-quarter and 24% year-over-year.
Strong Operating Netback
Operating netback reached over $59 per BOE, with a profit margin of 89%, considered best-in-class compared to peers.
Increase in Funds Flow and Net Income
Funds flow from operations increased by $2 million from $7.9 million to $9.9 million, and net income rose by $4.8 million compared to Q2.
Debt-Free Status and Strong Cash Position
Maintained a debt-free status with working capital of $15.8 million and cash reserves of $24.5 million.
Dividend and Share Buyback Program
Paid USD 0.09 per quarter in dividends with a yield of over 10%, and implemented a share buyback program purchasing 103,000 shares to date.
Positive Results from Murucututu Well
The 183-A3 well, contributing 17% of production, showed promising initial results with plans for further development.
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TSE:ALV 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
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TSE:ALV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$4.72 | C$4.85 | +2.75% |
| Aug 07, 2024 | C$4.52 | C$4.62 | +2.21% |
| May 08, 2024 | C$4.47 | C$4.51 | +0.89% |
| Mar 19, 2024 | C$4.98 | C$4.18 | -16.06% |
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.
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FAQ
When does Alvopetro Energy Ltd (TSE:ALV) report earnings?
Alvopetro Energy Ltd (TSE:ALV) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Alvopetro Energy Ltd (TSE:ALV) earnings time?
Alvopetro Energy Ltd (TSE:ALV) earnings time is at Mar 20, 2025, TBA Not 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 TSE:ALV EPS forecast?
TSE:ALV EPS forecast for the fiscal quarter 2024 (Q4) is 0.22.
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