Vår Energi Q3 profit doubles as realized oil and gas prices climb
- Vår Energi ASA press release (VARRY): Q3 Diluted EPS: $0.11 vs. $0.05 a year ago.
Revenue: $3.57B vs. $2.14B a year ago.
Net profit: $304M vs. $152M a year ago.
EBIT: $2.21B vs. $1.07B a year ago.
EBITDA: $3.03B vs. $1.73B a year ago.
Production: Averaged 369,000 barrels of oil equivalent per day (boepd), flat Y/Y.
Realized prices: Average realized prices increased to $103 per boe from $68 a year ago.
FY2026 guidance: Production of around 390,000 boepd (revised from 390,000–410,000 boepd), development capex of $2.5B–$2.7B, exploration spending of $250M–$300M, abandonment spending of around $200M and production costs of approximately $11 per boe.
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