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Var Energi ASA

Var Energi ASA

VAR · OL · Energy / Oil & Gas E&P

54.62NOK-0.64 (-1.16%)

Price History

Full chart

Market Stats

Previous Close55.26
Open54.84
Day Range54.14 – 54.96
52-Week Range27.8 – 55.34
Volume4.09M
Market Cap127.11B
P/E (TTM)9.75
Forward P/E12.02
EPS5.22
Dividend Yield10.57%
Beta-0.48
50-Day Avg50.14
200-Day Avg43.48

About

Vår Energi ASA operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway. The company produces crude oil and natural gas liquids. It also engages in the production, development, and exploration assets on the Norwegian Continental Shelf (NCS). The company was formerly known as Eni Norge AS and changed its name to Vår Energi AS in December 2018. The company was incorporated in 1965 and is headquartered in Sandnes, Norway. Vår Energi ASA is a subsidiary of Eni International B.V.

Company Details

  • SectorEnergy
  • IndustryOil & Gas E&P
  • CEOMr. Nicholas John Robert Walker B.Sc.
  • Employees1.43K
  • HeadquartersVestre Svanholmen 1, Sandnes, Norway, 4313, Norway
  • Websitehttps://varenergi.no

Leadership

  • Mr. Nicholas John Robert Walker B.Sc.Chief Executive Officer · b. 1962
  • Mr. Carlo SantopadreChief Financial Officer · b. 1981
  • Mr. Torger RodChief Operating Officer · b. 1974
  • Mr. Sverre BjellandExecutive VP of Legal, Compliance & Public Affairs · b. 1975
  • Ms. Tone RognstadExecutive Vice President of People, Communication, IT & Digital · b. 1967
  • Ms. Ellen Waldeland HoddellExecutive Vice President of Sustainability & Safety · b. 1980
  • Ida Marie FjellheimVice President of Investor Relations
  • Mr. Ove Mikal HelleSenior Vice President of Internal Audit
  • Ms. Annethe GjerdeVice President of Contracts & Procurement
  • Ms. Charlotte V. SaundersVice President of Corporate Services

Financials

Income Statement

Line item2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.52B2.13B2.82B2.87B6.04B9.78B6.82B7.37B8.10B
Cost of Revenue363.46M396.82M948.56M1.06B1.04B2.59B1.01B3.32B1.29B
Gross Profit1.16B1.74B1.87B1.81B5.00B7.19B5.81B4.05B6.80B
Operating Income532.51M824.36M642.85M150.63M3.06B6.37B3.52B3.79B4.18B
EBITDA--1.68B-331.16M4.45B7.31B4.78B5.23B7.17B
Net Income129.36M229.57M78.43M-1.63B654.36M936.40M610.23M327.11M846.40M
R&D--19.01M25.17M32.18M31.54M34.98M38.68M45.20M
Interest Expense0062.90M166.10M175.74M8.12M7.03M20.62M148.60M

Balance Sheet

Line item2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets4.73B13.84B21.52B20.26B19.80B18.80B19.29B21.87B26.15B
Total Liabilities4.19B8.11B17.47B18.40B18.28B17.32B17.52B21.04B25.59B
Total Equity545.05M5.74B4.05B1.85B1.52B1.48B1.77B832.51M560.00M
Cash14.38M997.05M195.92M262.94M214.13M434.69M724.73M266.58M683.60M
Total Debt-2.83B8.35B10.01B4.82B3.17B3.26B5.29B-
Net Debt--171.63M4.78B5.49B4.60B2.73B2.54B5.03B5.26B

Cash Flow

Line item2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow933.44M1.53B1.50B1.74B4.58B5.68B3.42B3.41B4.61B
Investing Cash Flow-357.56M-360.29M-4.46B-1.95B-2.63B-2.66B-2.67B-4.24B-3.12B
Financing Cash Flow-658.59M-340.42M2.15B273.30M-1.98B-2.90B-459.30M448.20M-1.12B
Capital Expenditure357.56M485.57M1.28B1.81B2.58B2.59B2.64B2.94B2.94B
Free Cash Flow--217.50M-68.00M1.99B3.09B779.24M466.69M1.67B
Dividends Paid--1.70B450.00M950.00M775.00M1.11B1.08B1.17B

Earnings

Report DateApr 27, 2022Jul 26, 2022Oct 25, 2022Feb 16, 2023Apr 24, 2023Jul 25, 2023Oct 24, 2023Feb 13, 2024Apr 23, 2024Jul 22, 2024Oct 22, 2024Feb 11, 2025Apr 23, 2025Jul 22, 2025Oct 21, 2025Feb 9, 2026Apr 22, 2026Jul 20, 2026Oct 21, 2026
EPS Estimate0.170.190.160.220.120.080.090.120.060.100.080.100.090.120.100.050.130.210.17
EPS Actual0.170.160.090.200.080.040.080.110.040.080.07-0.080.180.080.050.030.140.33-
Surprise0.00%-15.79%-43.75%-9.09%-33.33%-50.00%-11.11%-8.33%-33.33%-20.00%-12.50%-182.99%100.00%-33.33%-50.00%-34.60%7.69%57.14%-
Timing--Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketAfter-hoursPre-market-Pre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-market

Key Statistics & Ratios

Market Cap127.11B
Enterprise Value161.88B
Trailing P/E9.75
Forward P/E12.02
Price / Sales11.92
Price / Book6.89
EPS5.22
Book Value0.8566
Revenue (TTM)10.67B
Gross Profit (TTM)9.40B
EBITDA8.82B
Profit Margin13.02%
Operating Margin59.42%
Return on Equity93.98%
Return on Assets13.38%
Shares Outstanding2.50B
Shares Float903.82M
Beta-0.48
Dividend Yield10.57%
Dividend Rate5.42
Payout Ratio8.84%

Dividends

20263×
1.35Aug 21, 20261.11Jun 3, 20261.21Feb 3, 2026
20254×
1.21Nov 17, 20251.22Aug 18, 20251.25Apr 29, 20251.21Feb 17, 2025
20244×
1.18Oct 28, 20241.18Jul 29, 20241.19Apr 29, 20241.14Feb 19, 2024
20234×
1.20Nov 3, 20231.09Aug 4, 20231.15May 3, 20231.23Feb 24, 2023
20223×
1.23Nov 2, 20221.02Aug 4, 20220.83May 5, 2022