)

PetroNor E&P (PNOR) investor relations material
PetroNor E&P Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Production remained stable at 4,300 barrels/day in H1 2025, with infill drilling set to boost output from September and into Q4, targeting an exit rate above 5,000 barrels/day.
Total shareholder return over the last 12 months exceeded 50%, with $55.8M repaid in two tranches and NOK 4.2 per share returned in H1.
EBITDA for H1 2025 was $34.6M, down from $62.4M in H1 2024, with net profit at $8.0M versus $31.0M year-over-year, mainly due to timing of oil sales and overlift position.
Portfolio includes high-margin Congo production, Nigerian gas redevelopment, and Gambian exploration.
US Department of Justice closed its investigation; Norwegian Økokrim investigation ongoing.
Financial highlights
Revenue for H1 2025 was $27.6M, reflecting grossed-up tax and royalties, not actual cash sales, and down $82.9M year-over-year.
Cash at bank was $60.6M at June 30, 2025, down from $79.7M at end 2024.
Operating costs at $11 per barrel, with total OpEx at $20.8M and admin costs at $5.4M, down from $7.9M YoY.
Gross profit for H1 2025 was $31.1M, down from $60.3M in H1 2024.
$55.8M returned to shareholders in H1 2025; capital repayments and dividends were significant uses of cash.
Outlook and guidance
Production expected to average 4,400–4,700 barrels/day for FY 2025, with an exit rate above 5,000 barrels/day; 2026 production expected to be higher.
Five infill wells on Tchibouela East to be completed in H2 2025, supporting increased PNGF Sud production.
Oil inventory build-up to over 600,000 barrels by year-end, supporting a Q4 oil lifting and cash inflow.
Additional shareholder distributions likely, with the next cycle anticipated at the May AGM.
Continued focus on maximizing portfolio value and shareholder returns.
Next PetroNor E&P earnings date

Next PetroNor E&P earnings date

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.
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.
)
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.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
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.
)
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.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
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.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
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.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
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.
Explore our global coverage