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Africa Oil (AOIFF)
OTHER OTC:AOIFF
Earnings Data
Report Date
Aug 13, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 14, 2025
|% Change Since: 6.06%
|Next Earnings Date:Aug 13, 2025
Earnings Call Sentiment|Positive
The earnings call demonstrated a strong financial and operational performance, driven by the successful Prime amalgamation and rebranding. The company maintained robust production levels and declared substantial dividends, showcasing financial resilience. However, concerns about high production costs and lower oil price volatility present potential risks. Overall, the highlights significantly outweigh the lowlights.Company Guidance
In the first quarter of 2025, Africa Oil demonstrated strong financial performance and strategic advancements, marked by significant metrics and developments. The company's reserves and production doubled following the Prime amalgamation, leading to enhanced control over Prime's balance sheet and strengthening its cash flow profile. The company reported an EBITDAX of $142 million and ended the quarter with $428.4 million in cash. Africa Oil declared a first and second quarterly dividend of $25 million each, reflecting its commitment to delivering shareholder returns. The infill drilling program supported robust production, with an average realized oil price of $79.5 per barrel, surpassing the Brent average for the period. The company maintained a net debt-to-EBITDAX ratio of 0.3 times, showcasing financial discipline. Production averaged 33,400 barrels of oil equivalent per day, exceeding annual guidance. The strategic rebranding to Meren and focus on delivering sustainable shareholder returns highlighted the company's transformative trajectory.Successful Amalgamation and Rebranding
Africa Oil completed the Prime amalgamation, rebranding to Meren, which doubled reserves and production, strengthened cash flow, and streamlined the business structure.
Strong Financial Performance and Dividend Declaration
The company ended Q1 2025 with $428.4 million in cash, a net debt-to-EBITDAX ratio of 0.3 times, and declared a second quarterly dividend of $25 million.
Production and Pricing Achievements
Achieved average realized oil price of $79.5 per barrel, above average Brent price, and maintained high-quality production with minimal decline compared to the previous year.
Strategic Growth in Nigerian Assets
Successful drilling programs in Egina and Akpo fields, with future exploration and development planned, supporting stable production levels.
Strong Cash Management and Debt Reduction
Proactively reduced RBL debt balance, closed Q1 with significant cash increase due to Prime amalgamation, enhancing financial resilience.
AOIFF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AOIFF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2025 | $1.32 | $1.33 | +0.76% |
Feb 28, 2025 | $1.26 | $1.29 | +2.38% |
Nov 13, 2024 | $1.25 | $1.26 | +0.80% |
Aug 14, 2024 | $1.52 | $1.49 | -1.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Africa Oil (AOIFF) report earnings?
Africa Oil (AOIFF) is schdueled to report earning on Aug 13, 2025, TBA Not Confirmed.
What is Africa Oil (AOIFF) earnings time?
Africa Oil (AOIFF) earnings time is at Aug 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AOIFF EPS forecast?
Currently, no data Available