SED Energy Q1 revenue rises on higher utilization
SED Energy Q1 revenue rises on higher utilization
Overview
Cyprus energy fleet operator's Q1 revenue and EBITDA increased year-over-year on full fleet utilization
Company proposed $25 mln Q1 shareholder distribution, with $90-110 mln full-year guidance
Amended debt facility reduced annual amortization, supporting strong cash flows
Outlook
Energy Holdings sees 2026 full-year shareholder distributions of USD 90-110 mln
Company says robust contract coverage and limited capex support sustained distributions
Energy Holdings focuses on maintaining backlog and converting performance into sustainable returns
Result Drivers
FULL FLEET UTILIZATION - Co said all rigs and vessels were active and on contract for the full quarter, driving record results
HIGHER DAY RATES - Improved day rates contributed to substantial year-over-year revenue and EBITDA growth, per co
DEBT FACILITY AMENDMENT - Amended debt facility reduced annual amortization, supporting strong cash flows
Company press release: ID:nMFN7r4JdZ
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Firm revenue backlog |
| $393 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil related services and equipment peer group is "buy"
Wall Street's median 12-month price target for Sed Energy Holdings PLC is NOK11.00, about 26.1% above its May 28 closing price of NOK8.72
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)