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OKEA ASA ( (DE:3SX) ) has provided an announcement.
In the third quarter of 2025, OKEA ASA reported an operating income of USD 224 million and an EBITDA of USD 117 million. Despite a net loss of USD 37 million due to impairments, the company increased its production guidance for 2025 to 32-33 kboepd, reflecting solid production performance and a significant discovery at the Talisker exploration well. However, reserve reductions and increased cost estimates at Statfjord and Draugen negatively impacted the quarterly results.
More about OKEA ASA
OKEA ASA is a leading mid- and late-life operator on the Norwegian continental shelf (NCS), focusing on finding value where others divest. The company is committed to growth, value creation, and capital discipline, and is listed on the Oslo Stock Exchange.
Average Trading Volume: 288,003
Current Market Cap: NOK1.9B
For a thorough assessment of 3SX stock, go to TipRanks’ Stock Analysis page.