Tullow Oil (TQW0) AI Stock Analysis

Tullow Oil

(Munich:TQW0)

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Action:N/A

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Positive Factors

Production and reservesHigher production and exceptional reserve replacement strengthen the longevity of Tullow’s Ghana-focused asset base. Delivering new wells on schedule while replenishing reserves supports future volumes, improves asset durability, and provides a stronger foundation for sustained operating cash generation.

Negative Factors

Negative equityPersistently negative equity indicates a highly stressed capital structure and leaves limited balance-sheet protection for creditors or shareholders. Even with some debt reduction, this condition can restrict financial flexibility and increase exposure to refinancing pressure or an operating downturn.

Tullow Oil (TQW0) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 174.05M
Dividend Yield: ―
Average Volume (3M): ―
Price to Earnings (P/E): -4.0
Beta (1Y): -0.61
Revenue Growth: ―
EPS Growth: ―
Country: Germany
Employees: 346
Sector: Energy
Sector Strength: 65
Industry: Oil & Gas Exploration & Production

Tullow Oil Business Overview & Revenue Model

Company Description

Tullow Oil plc is an energy company that primarily explores for, develops, and produces oil and natural gas, with its operations heavily focused on Africa and South America. The firm was established in 1985 and maintains its corporate headquarters in...

Tullow Oil Earnings Call Summary

Earnings Call Date:Sep 27, 2026(Q2-2026)|% Change Since:0.00%|Next Earnings Date:Mar 09, 2027

Earnings Call SentimentPositive

The call was strongly positive, with materially higher production, over 99% FPSO uptime, significant reserve replacement, upgraded free cash flow guidance, lower costs, improved liquidity, and an expanded Ghana opportunity set. The main challenges were low first-half free cash flow caused by stated one-off and timing items, temporary water-injection downtime, increased tax-dispute provisions, the likelihood that 99% uptime cannot continue, and the long-term technical risk associated with exploration upside.

Positive Updates

Strong First-Half Production Performance

First-half 2026 production was 43,700 barrels of oil equivalent per day, representing a more than 7% increase compared with the first half of 2025. Management said performance was at the top end of expectations and expressed confidence in achieving the high end of the full-year guidance range of 34,000 to 42,000 barrels of oil equivalent per day.

Negative Updates

First-Half Free Cash Flow Was Only $4 Million

First-half free cash flow was $4 million. Management attributed this to $70 million of one-off refinancing costs, capital expenditure being weighted toward the first half, and six cargoes being lifted in the first half compared with eight forecast in the second half.

Company Guidance

For the full year, Tullow is confident of being at the high end of its production guidance range of 34,000 to 42,000 barrels of oil equivalent per day, with free cash flow guidance upgraded from between $70 million and $175 million to between $170 million and $250 million, with full-year free cash flow guidance of $170 million-$250 million between an oil price of $70 and $100 a barrel. Capital expenditure guidance remains $200 million, decommissioning expenditure is reduced from $25 million to $15 million, a further four cargoes are expected to be lifted by the end of the year, and year-end net debt is forecast at $1.2 billion inclusive of accrued PIK interest on the bonds and Glencore notes. Net cash G&A remains targeted at a run rate of $20 million a year, TEN operating and maintenance costs are targeted for similar results to the 30% savings delivered at Jubilee, and every $10 increase above the guided range for the second half of the year would result in more than $20 million incremental cash flow.

Tullow Oil Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

DE:TQW0 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
APA	79Outperform	$18.51B	11.17	26.27%	1.89%	-12.44%	58.92%
GPRK	66Neutral	$706.07M	7.30	29.19%	0.97%	-9.51%	83.18%
Sector *	65Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
EGY	57Neutral	$677.44M	-6.08	-25.99%	3.88%	-25.46%	-387.85%
GTE	52Neutral	$400.86M	-1.57	-122.23%	―	2.69%	-289.33%
KOS	44Neutral	$1.70B	-2.39	-81.93%	―	9.93%	-253.33%

* Energy Sector Average

Performance Comparison

DE:TQW0 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:TQW0	Tullow Oil plc Unsponsored ADR	0.08	0.00	0.00%
APA	APA Corp.	52.82	31.34	145.96%
GTE	Gran Tierra Energy Inc	11.33	7.46	192.76%
KOS	Kosmos Energy Ltd	2.85	1.37	92.57%
EGY	Vaalco Energy	6.44	2.84	78.89%
GPRK	GeoPark	10.88	3.14	40.48%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Tullow Oil AI Stock Analysis