Aker BP GAAP EPS of $1.56, revenue of $3.87B; reaffirms FY 2026 outlook
- Aker BP press release (AKRBF): Q3 GAAP EPS of $1.56.
- Revenue of $3.87B (+48.8% Y/Y).
- Net production was 374 mboepd, reflecting planned maintenance. Full-year production guidance of 380–400 mboepd is reiterated.
- Sales: Net sold volumes were 396 mboepd, up five percent from the previous quarter.
- Earnings and cash flow: EBITDA was USD 3.4 billion, and cash flow from operations was USD 2.4 billion.
- Guidance for 2026: Aker BP’s financial guidance for 2026 remains largely unchanged from the previous quarter: • Production: 380-400 mboepd • Production cost: USD ~8.5 per boe (previously USD ~8 per boe) • Capex: USD 6.8-7.2 billion • Exploration spend: USD ~400 million • Abandonment spend: USD ~100 million • Dividend: USD 0.6615 per share per quarter, annualised at USD 2.646 per share.
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