UK's Tullow Oil 2025 revenue misses expectations

Tullow Oil

20/02/2026 07:08

Overview

UK energy firm's 2025 revenue missed analyst expectations

Company's free cash flow impacted by delayed receivables and lower commodity prices

Company completed asset sales in Kenya and Gabon, announced refinancing transaction

Outlook

Company forecasts 2026 capital expenditure at $200 mln

Pre-financing cash flow for 2026 projected at $150-180 mln at $65/bbl

Result Drivers

OPERATIONAL MOMENTUM - Strong results from Jubilee well and plans for additional wells to support production targets

COST REDUCTIONS - Significant cost reductions achieved, including $10 mln savings in net G&A

DELAYED RECEIVABLES - Free cash flow negatively impacted by delayed receivables from Government of Ghana and Kenya disposal

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
$847 mln
$875.16 mln (8 Analysts)
FY Free Cash Flow
$100 mln
FY Net Debt
$1.35 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy."

Wall Street's median 12-month price target for Tullow Oil PLC is GBp7.00, about 33.3% below its February 19 closing price of GBp10.50

The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 2 three months ago

Press Release: ID:nRST8197Ta

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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.)