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LUNE - Lundin Energy AB News Story

SEK283.2 -0.6  -0.2%

Last Trade - 5:00pm

Sector
Energy
Size
Large Cap
Market Cap £6.81bn
Enterprise Value £9.16bn
Revenue £2.82bn
Position in Universe 109th / 1857

BRIEF-Lundin Energy Q2 EBITDAX Rises To $1,059.6 Mln

Wed 28th July, 2021 6:35am
July 28 (Reuters) - Lundin Energy AB  LUNE.ST :
    * Q2 PRODUCTION 189.8 MBOEPD VERSUS COMPANY-COMPILED
CONSENSUS 187
MBOEPD
    * Q2 ADJUSTED. NET RESULT $158.6 MILLION VERSUS
COMPANY-COMPILED
CONSENSUS OF $167 MILLION
    * Q2 REVENUE $1,272.8 MILLION VERSUS $402.5 MILLION YEAR AGO
    * RECORD FREE CASH FLOW GENERATION OF MUSD 949 FOR SIX MONTH
PERIOD
    * KEY PROJECTS ON TRACK TO DELIVER GROWTH TO OVER 200 MBOEPD
BY
2023 AND KOBRA EAST/GEKKO PROJECT SANCTIONED
    * Q2 EBITDAX $1,059.6 MILLION VERSUS $335.1 MILLION
    * 2021 OPERATING COST GUIDANCE UNCHNAGED AT $3 PER BOE
    * 2021 DEVELOPMENT EXPENDITURE GUIDANCE UNCHANGED AT MUSD
850
    * ON JOHAN SVERDRUP: PROJECT REMAINS FIRMLY ON TRACK FOR
FIRST OIL
IN Q4 OF 2022

Source text for Eikon:  ID:nGNE5mG89Y 
Further company coverage:  LUNE.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))
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