Aker BP : A 10% miss at the operating level and a 60% miss at the NI level but robust cash generation with reduced debt
>Q3 2024 results miss expectations by 10% at the EBIT level and by 60% at the NI level - AkerBP just released its Q3 2024 results with 1/ revenues of $ 2,858m, down 15.4% q-o-q and 1% ahead of the consensus, 2/ EBITDA totalled $ 2,612m, down 12%, 1.6% ahead our estimates and 5% above the consensus. EBIT came in at $ 1,695m, 10% below expectations. Adjusted net income was weak at $ 173m, collapsing by 69% q-o-q and 60% below our expectations and the consensus, with a h...Aker BP ASA engages in the exploration, development, and production of petroleum resources on the Norwegian Shelf. In addition, Co. has a separate Johan Sverdrup business unit to manage its interest.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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