Seplat has had an excellent start to the year, with strong revenue (+58.6% YoY), EBITDA (+81.6% YoY), operating cash flow (up 40x), and balance sheet (net debt flat YoY at $442.6m). Guidance was re-iterated, the dividend held, and we still see completion of the MPNU acquisition as the key catalyst at present, followed by confirmation of first flow through the Amukpe-Escravos project. We're due to hear more on both in H2.
29 Apr 2022
Seplat Energy - 1Q22 Results - April 2022
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Seplat Energy - 1Q22 Results - April 2022
Seplat Energy PLC (SEPL:LON) | 148 4.4 2.1% | Mkt Cap: 869.3m
- Published:
29 Apr 2022 -
Author:
Oliver Juggins -
Pages:
7
Seplat has had an excellent start to the year, with strong revenue (+58.6% YoY), EBITDA (+81.6% YoY), operating cash flow (up 40x), and balance sheet (net debt flat YoY at $442.6m). Guidance was re-iterated, the dividend held, and we still see completion of the MPNU acquisition as the key catalyst at present, followed by confirmation of first flow through the Amukpe-Escravos project. We're due to hear more on both in H2.