Var Energi shares rise after Q3 EBIT beat

Var Energi ASA

21/10/2025 08:30

** Shares in Norway's Var Energi VAR.OL are up around 3% after it reported stronger-than-expected Q3 operating profit, and said it was on track to meet its 2025 production guidance

** Var's Q3 EBIT rose to $1.07 billion from $740 million a year earlier, beating the average $906 million forecast in a company-compiled poll

** According to Jefferies, "solid" Q3 results are driven by strong operational delivery from new growth projects

** The brokerage points out that, apart from net income miss impacted by higher tax, all other metrics beat expectations

** Today's gains added 2.1 billion Norwegian crowns ($209.10 million) to company's market cap

($1 = 10.0431 Norwegian crowns)

(Reporting by Agnieszka Gosciak-Rabalska)

((agnieszka.gosciakgdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))