Var Energi ASA (OTCPK:VARRY)

$ 5.99 0.19 (3.28%) Market Cap: 7.47 Bil Enterprise Value: 11.62 Bil PE Ratio: 13.36 PB Ratio: 5.85 GF Score: 43/100

Q2 2024 Var Energi ASA Earnings Call Transcript

Jul 23, 2024 / 08:00AM GMT

Release Date Price: $6.62

Transcript

Ida Fjellheim

Var Energi ASA - Head of Investor Relations

Good morning, everyone. And a warm welcome to VÃ¥r Energi's second-quarter and first half 2024. The presentation today will be given by our CEO, Nick Walker; and our CFO, Stefano Pujatti. Nick and Stefano will present the results. And we will open up for questions afterwards.

I will now give the word to Nick. Go ahead

Nick Walker

Var Energi ASA - Chief Executive Officer

Well, thank you, Ida. And good morning to you all. I do hope you're all enjoying the summer period. A warm welcome to our second-quarter and first half 2024 results presentation.

I'm really pleased to report another quarter of good delivery with strong operational and financial results in line or better than guidance. We're on track to deliver our 2025 growth target and unlock future value. And as a result, we continue to provide attractive and predictable dividend distributions.

So let us now look at the highlights for the quarter. We delivered strong operational performance, with production of 293,000

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