Logotype for BW Energy

BW Energy (BWE) investor relations material

BW Energy Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for BW Energy
Q3 2025 earnings summary28 Oct, 2025

Executive summary

  • On track to meet full-year production guidance with all major projects progressing on schedule and within budget.

  • Maromba project financing completed; Bourdon discovery and Kudu appraisal drilling advancing toward key milestones.

  • Achieved strong operational performance in Q3 2025 with high production uptime and efficient maintenance execution.

  • Strengthened financial structure with significant project and corporate financing milestones completed.

Financial highlights

  • Q3 2025 EBITDA was $96 million, net profit $20.1 million, and cash position at quarter-end was $259.3 million.

  • Q3 2025 revenue was $199.6 million, nearly flat year-over-year; average realized price was $68.5/bbl.

  • Operating cash flow reached $89.5 million, supported by timing of oil sales receipts and lower investment spend.

  • Year-to-date capital expenditure totaled $304 million, below expectations due to lease conversion of $108 million wellhead platform CapEx.

  • Total available liquidity at quarter-end was $529.3 million, including undrawn facilities.

Outlook and guidance

  • Full-year 2025 production guidance maintained at 11–12 million barrels (30,000–32,000 barrels/day).

  • Operating cost guidance narrowed to $19–$21 per barrel; YTD OPEX at $19.5/bbl.

  • Full-year CapEx guidance reduced to $475–$525 million, with increased spending expected as project activity ramps up.

  • Targeting production of around 90,000 barrels/day by 2028, driven by Maromba, MaBoMo phase II, and Golfinho Boost.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next BW Energy earnings date

Logotype for BW Energy
Q4 20255 Feb, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next BW Energy earnings date

Logotype for BW Energy
Q4 20255 Feb, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

BW Energy Limited, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas in West Africa and Brazil.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage