22 Dec 2025

Arctic FLASH: Vår Energi - Weaker than expected production in Q4

- Daniel Stenslet
- 10 pages

Q4 production implicitly guided at ~400 kboepd (vs prior guidance of ~430 kboepd)FY25 production revised to ~330–335 kboepd (from ~340–345 kboepd), below ARCe and consensusDownside risk to Q4 EBIT cons. estimates increases to ~25–30%2026 production guidance unchanged at ~400 kboepd

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Arctic FLASH: Vår Energi - Weaker than expected production in Q4

Var Energi ASA (VAR:OSL) | 0 0 0.0%

Published: 22 Dec 2025
Author: Daniel Stenslet
Pages: 10

Q4 production implicitly guided at ~400 kboepd (vs prior guidance of ~430 kboepd)FY25 production revised to ~330–335 kboepd (from ~340–345 kboepd), below ARCe and consensusDownside risk to Q4 EBIT cons. estimates increases to ~25–30%2026 production guidance unchanged at ~400 kboepd