View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsPetrofac 과거 순이익 실적과거 기준 점검 0/6Petrofac 의 수입은 연평균 -14.4%의 비율로 감소해 온 반면, Energy Services 산업은 연평균 47.6%의 비율로 증가했습니다. 매출은 연평균 1.8%의 비율로 감소해 왔습니다.핵심 정보-14.40%순이익 성장률-13.63%주당순이익(EPS) 성장률Energy Services 산업 성장률23.29%매출 성장률-1.80%자기자본이익률n/a순이익률-22.83%최근 순이익 업데이트30 Jun 2024최근 과거 실적 업데이트Reported Earnings • Oct 02First half 2024 earnings released: US$0.40 loss per share (vs US$0.27 loss in 1H 2023)First half 2024 results: US$0.40 loss per share (further deteriorated from US$0.27 loss in 1H 2023). Revenue: US$1.24b (flat on 1H 2023). Net loss: US$208.0m (loss widened 48% from 1H 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 60% per year, which means it is performing significantly worse than earnings.Reported Earnings • Jun 06Full year 2023 earnings released: US$0.97 loss per share (vs US$0.60 loss in FY 2022)Full year 2023 results: US$0.97 loss per share (further deteriorated from US$0.60 loss in FY 2022). Revenue: US$2.50b (down 3.7% from FY 2022). Net loss: US$505.0m (loss widened 63% from FY 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings.Reported Earnings • Aug 13First half 2023 earnings released: US$0.32 loss per share (vs US$0.076 profit in 1H 2022)First half 2023 results: US$0.32 loss per share (down from US$0.076 profit in 1H 2022). Revenue: US$1.21b (down 3.2% from 1H 2022). Net loss: US$165.0m (down US$204.0m from profit in 1H 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.공시 • Aug 10Petrofac Limited to Report First Half, 2023 Results on Aug 10, 2023Petrofac Limited announced that they will report first half, 2023 results on Aug 10, 2023Reported Earnings • May 30Full year 2022 earnings released: US$0.60 loss per share (vs US$0.68 loss in FY 2021)Full year 2022 results: US$0.60 loss per share. Revenue: US$2.59b (down 15% from FY 2021). Net loss: US$310.0m (loss widened 27% from FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Energy Services industry in Europe.Reported Earnings • Aug 13First half 2022 earnings released: US$0.027 loss per share (vs US$0.26 loss in 1H 2021)First half 2022 results: US$0.027 loss per share (up from US$0.26 loss in 1H 2021). Revenue: US$1.23b (down 23% from 1H 2021). Net loss: US$14.0m (loss narrowed 84% from 1H 2021). Over the next year, revenue is forecast to stay flat compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance.모든 업데이트 보기Recent updates공시 • Oct 20Petrofac Limited Announces Restructuring UpdateFurther to its announcement on 1 October 2025, in which Petrofac Limited advised it was advancing more than one route to implement the Restructuring, it confirms that the Restructuring will result in no residual value being retained by existing shareholders. The Company remains focused on completing the Restructuring in the shortest possible time and by the end of November 2025. It has made very good progress towards implementation, and expects to shortly conclude a Lock Up Agreement in respect of the identified implementation route, which will support the Group’s operational capability and ongoing delivery. The Group expects to share further detail in the coming days.공시 • Jul 03Petrofac Limited Announces Court of Appeal Upholds Appeal Against Restructuring PlanThe Court of appeal has upheld an appeal, brought by certain creditors connected with the Thai Oil project, against the Order of the High Court which sanctioned the Restructuring Plans of Petrofac Limited and Petrofac International (UAE) LLC. The appeal was upheld on narrow grounds associated with the terms of the New Money financing and the evidence provided in support of it, that had previously been accepted by the High Court. All other grounds of appeal were unsuccessful. The Company is carefully studying the detailed judgment, which was made available to it this morning, and will discuss with key stakeholders the implications of the judgment and potential routes forward. The Company will provide further updates in due course.공시 • Jul 02Petrofac Limited(LSE:PFC) dropped from FTSE All-Share Index (GBP)Petrofac Limited(LSE:PFC) dropped from FTSE All-Share Index (GBP)공시 • Jan 08Petrofac Limited Announces Resignation of Sara Akbar as Non-Executive Director, Effective from 31 January 2025Petrofac Limited announced that Non-executive Director Sara Akbar has notified the Board of her intention to step down from her duties to pursue other business interests. She will do so from 31 January 2025. a result of the Board changes announced now, the Directors now sit on the following Board Committees as follows; Nominations Committee: René Médori (Chair), Matthias Bichsel, David Davies. Audit Committee: David Davies (Chair), Matthias Bichsel, Aidan de Brunner. Compliance & Ethics Committee: Mattias Bichsel (Chair), David Davies, René Médori. Remuneration Committee: Matthias Bichsel (Chair), David Davies, René Médori. Special Committee: Aidan de Brunner (Chair), Tareq Kawash, Afonso Reis e Sousa.Reported Earnings • Oct 02First half 2024 earnings released: US$0.40 loss per share (vs US$0.27 loss in 1H 2023)First half 2024 results: US$0.40 loss per share (further deteriorated from US$0.27 loss in 1H 2023). Revenue: US$1.24b (flat on 1H 2023). Net loss: US$208.0m (loss widened 48% from 1H 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 60% per year, which means it is performing significantly worse than earnings.공시 • Sep 10Petrofac Limited Announces Resignation of Ayman Asfari and Francesca Di Carlo as DirectorsPetrofac Limited announced the resignations of Ayman Asfari and Francesca Di Carlo as directors of the company with effect from 31 July 2024.공시 • Sep 02Petrofac Limited, Annual General Meeting, Sep 23, 2024Petrofac Limited, Annual General Meeting, Sep 23, 2024. Location: the offices of linklaters llp, one silk street, ec2y 8hq, london United KingdomReported Earnings • Jun 06Full year 2023 earnings released: US$0.97 loss per share (vs US$0.60 loss in FY 2022)Full year 2023 results: US$0.97 loss per share (further deteriorated from US$0.60 loss in FY 2022). Revenue: US$2.50b (down 3.7% from FY 2022). Net loss: US$505.0m (loss widened 63% from FY 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings.공시 • Dec 05Aidan de Brunner Joins Petrofac Limited as Non-Executive DirectorPetrofac Limited announced that Aidan de Brunner has joined the Company as a Non-Executive Director. Aidan brings to Petrofac over 20 years of board, management, investment and financial advisory experience gained across a variety of global businesses. As the Group pivots to the execution of the new contracts won in 2023, Aidan will commit a significant portion of his time to supporting the Board for a limited period. He will drive engagement with finance providers, investors and other stakeholders in an active review of strategic and financial options to deliver on Petrofac’s potential following its most successful period for new awards in many years.New Risk • Nov 24New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Negative equity (-US$66m).Reported Earnings • Aug 13First half 2023 earnings released: US$0.32 loss per share (vs US$0.076 profit in 1H 2022)First half 2023 results: US$0.32 loss per share (down from US$0.076 profit in 1H 2022). Revenue: US$1.21b (down 3.2% from 1H 2022). Net loss: US$165.0m (down US$204.0m from profit in 1H 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.New Risk • Aug 11New major risk - Negative shareholders equityThe company has negative equity. Total equity: -US$66m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-US$66m).공시 • Aug 10Petrofac Limited to Report First Half, 2023 Results on Aug 10, 2023Petrofac Limited announced that they will report first half, 2023 results on Aug 10, 2023Reported Earnings • May 30Full year 2022 earnings released: US$0.60 loss per share (vs US$0.68 loss in FY 2021)Full year 2022 results: US$0.60 loss per share. Revenue: US$2.59b (down 15% from FY 2021). Net loss: US$310.0m (loss widened 27% from FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Energy Services industry in Europe.공시 • Nov 17Petrofac Limited, Annual General Meeting, May 12, 2023Petrofac Limited, Annual General Meeting, May 12, 2023, at 09:30 Coordinated Universal Time.Reported Earnings • Aug 13First half 2022 earnings released: US$0.027 loss per share (vs US$0.26 loss in 1H 2021)First half 2022 results: US$0.027 loss per share (up from US$0.26 loss in 1H 2021). Revenue: US$1.23b (down 23% from 1H 2021). Net loss: US$14.0m (loss narrowed 84% from 1H 2021). Over the next year, revenue is forecast to stay flat compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance.Buying Opportunity • Jun 25Now 24% undervaluedOver the last 90 days, the stock is up 7.9%. The fair value is estimated to be €1.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Apr 28Full year 2021 earnings released: US$0.54 loss per share (vs US$0.57 loss in FY 2020)Full year 2021 results: US$0.54 loss per share. Revenue: US$3.06b (down 25% from FY 2020). Net loss: US$195.0m (loss widened 1.6% from FY 2020). Over the next year, revenue is expected to shrink by 7.2% compared to a 25% growth forecast for the industry in Germany.Reported Earnings • Oct 28First half 2021 earnings released: US$0.25 loss per share (vs US$0.23 loss in 1H 2020)The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: US$1.60b (down 24% from 1H 2020). Net loss: US$86.0m (loss widened 10% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance.Board Change • Sep 14Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Non-Executive Director Francesca Di Carlo was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Sep 08Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Non-Executive Director Francesca Di Carlo was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Executive Departure • Sep 07CFO & Executive Director Alastair Cochran has left the companyOn the 1st of September, Alastair Cochran's tenure as CFO & Executive Director ended after 4.9 years in the role. As of June 2021, Alastair still personally held 147.54k shares (€187k worth at the time). Alastair is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.54 years.Reported Earnings • May 22Full year 2020 earnings released: US$0.53 loss per share (vs US$0.22 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$4.08b (down 26% from FY 2019). Net loss: US$180.0m (down 347% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings.Reported Earnings • Apr 24Full year 2020 earnings released: US$0.53 loss per share (vs US$0.22 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$4.08b (down 26% from FY 2019). Net loss: US$180.0m (down 347% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings.공시 • Feb 16Carnarvon Petroleum Limited Awards Drilling Management Services Contract to Petrofac LimitedCarnarvon Petroleum Limited announced the award of a drilling management services contract to Petrofac Limited (LSE: PFC, "Petrofac") for the B-10 appraisal well, which is expected to be drilled in H2 2021, subject to funding, rig availability and government approvals. On 17 December 2020, the Company announced it had entered into a subscription agreement with Timor-Leste Petroleum Pty Ltd. (a subsidiary of Carnarvon) to obtain up to a 50% equity interest in Carnarvon Petroleum Timor, Unipessoal Lda ("JVco"), its subsidiary which holds a 100% working interest in the Buffalo oil field (the "Subscription Agreement"), conditional, inter alia, on raising the necessary funding. JVco is presently making drilling preparations for the B-10 appraisal well, which is designed to drill the crest of the structure with the objectives of re-certifying resources into reserves and finalising the development plan for this proven oil field.공시 • Jan 28+ 1 more updatePetrofac Limited(LSE:PFC) dropped from S&P EUROPE 350 - Energy (Industry Group)Petrofac Limited(LSE:PFC) dropped from S&P EUROPE 350 - Energy (Industry Group)Is New 90 Day High Low • Jan 20New 90-day low: €1.25The company is down 4.0% from its price of €1.30 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 40% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.95 per share.Is New 90 Day High Low • Nov 24New 90-day high: €1.91The company is up 2.0% from its price of €1.87 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.99 per share.공시 • Nov 10Petrofac Limited to Report Fiscal Year 2020 Results on Feb 24, 2021Petrofac Limited announced that they will report fiscal year 2020 results on Feb 24, 2021공시 • Nov 04Perenco (Oil & Gas) International Limited completed the acquisition of remaining 51% stake in Petrofac Netherlands Holding B.V. from Petrofac Limited (LSE:PFC).Perenco (Oil & Gas) International Limited singed an agreement to acquire remaining 51% stake in Petrofac Netherlands Holding B.V. from Petrofac Limited (LSE:PFC) for approximately $280 million on September 19, 2019. Under the terms of transaction, Petrofac Limited will receive an initial $37.5 million upon signing and a further minimum payment of $82.7 million upon completion of the transaction. The total consideration of up to $276 million comprises a fixed amount and a series of contingent amounts that depend upon future milestones, including field development, commercial, service contract transition and fiscal terms, and is subject to the level of achievement of the milestones above. The transaction is subjected to regulatory approval, which expected to close in 2020. On August 11, 2020, transaction is expected to complete in the second half of 2020. Proceeds from the sale will be used to reduce gross debt. HSBC USA Inc. acted as financial advisor to Petrofac Limited. Perenco (Oil & Gas) International Limited completed the acquisition of remaining 51% stake in Petrofac Netherlands Holding B.V. from Petrofac Limited (LSE:PFC) on November 3, 2020. Cash consideration received on completion was $82.7 million. In total, Petrofac has received $120.2 million. Further consideration of up to $155.8 million is potentially receivable, comprising $80.2 million plus interest payable on completion, which is disputed by Perenco. Petrofac will initiate formal legal proceedings against Perenco to recover this balance; and $75.6 million contingent on future milestones, including field development, commercial, service contract transition and fiscal terms.공시 • Oct 13+ 2 more updatesPetrofac Limited Announces Board ChangesPetrofac Limited announced that Sami Iskander will join as Deputy Chief Executive on 1 November 2020 and, following a short transition period, will assume the role of Group Chief Executive from 1 January 2021, at which time he will also be appointed as an Executive Director to Petrofac's Board of Directors. On 1 January 2021, Ayman Asfari will be appointed as a Non-executive Director to the company's Board of Directors, to provide stability and continuity.공시 • Aug 12Petrofac Limited Announces No Interim Dividend for the Six Months Ended 30 June 2020The Board of Petrofac Limited recognised the importance of dividends to shareholders, but has decided to continue to suspend dividend payments and therefore not pay an interim dividend in 2020 (2019: 12.7 US cents per share) to conserve cash. At this time of considerable economic uncertainty, the Board is prioritising maintaining a strong balance sheet and does not expect to resume the payment of dividends until there is a sustained recovery in new order intake.매출 및 비용 세부 내역Petrofac가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:P2F 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비30 Jun 242,505-572217031 Mar 242,501-538217031 Dec 232,496-505217030 Sep 232,536-490205030 Jun 232,551-500200031 Mar 232,559-410177031 Dec 222,567-320154030 Sep 222,629-218104030 Jun 222,690-11754031 Mar 222,864-181119031 Dec 213,038-245184030 Sep 213,315-200338030 Jun 213,573-203363031 Mar 213,827-197309031 Dec 204,081-192254030 Sep 204,447-162180030 Jun 204,812-144187031 Mar 205,171-35204031 Dec 195,53073220030 Sep 195,698147224030 Jun 195,865220228031 Mar 195,847142222031 Dec 185,82964215030 Sep 185,942-26218030 Jun 186,054-116221031 Mar 186,225-72228031 Dec 176,395-29235030 Sep 176,75315232030 Jun 177,11159229031 Mar 177,49230235031 Dec 167,8731241030 Sep 167,713-77258030 Jun 167,552-155274031 Mar 167,198-252301031 Dec 156,844-349328030 Sep 156,865-273338030 Jun 156,886-198347031 Mar 156,564-39357031 Dec 146,241120367030 Sep 146,1563323710양질의 수익: P2F 은(는) 현재 수익성이 없습니다.이익 마진 증가: P2F는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 지난 5년 동안 P2F의 연간 수익 성장률이 양(+)이었는지 판단하기에 데이터가 부족합니다.성장 가속화: 현재 수익성이 없어 지난 1년간 P2F의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: P2F은 수익성이 없어 지난 해 수익 성장률을 Energy Services 업계(30%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: P2F의 부채가 자산을 초과하여 자본 수익률을 계산하기 어렵습니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YEnergy 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/07/28 01:24종가2025/04/30 00:00수익2024/06/30연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Petrofac Limited는 29명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관James CrandellBarclaysHenry TarrBerenbergGuillaume DelabyBernstein26명의 분석가 더 보기
Reported Earnings • Oct 02First half 2024 earnings released: US$0.40 loss per share (vs US$0.27 loss in 1H 2023)First half 2024 results: US$0.40 loss per share (further deteriorated from US$0.27 loss in 1H 2023). Revenue: US$1.24b (flat on 1H 2023). Net loss: US$208.0m (loss widened 48% from 1H 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 60% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Jun 06Full year 2023 earnings released: US$0.97 loss per share (vs US$0.60 loss in FY 2022)Full year 2023 results: US$0.97 loss per share (further deteriorated from US$0.60 loss in FY 2022). Revenue: US$2.50b (down 3.7% from FY 2022). Net loss: US$505.0m (loss widened 63% from FY 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Aug 13First half 2023 earnings released: US$0.32 loss per share (vs US$0.076 profit in 1H 2022)First half 2023 results: US$0.32 loss per share (down from US$0.076 profit in 1H 2022). Revenue: US$1.21b (down 3.2% from 1H 2022). Net loss: US$165.0m (down US$204.0m from profit in 1H 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.
공시 • Aug 10Petrofac Limited to Report First Half, 2023 Results on Aug 10, 2023Petrofac Limited announced that they will report first half, 2023 results on Aug 10, 2023
Reported Earnings • May 30Full year 2022 earnings released: US$0.60 loss per share (vs US$0.68 loss in FY 2021)Full year 2022 results: US$0.60 loss per share. Revenue: US$2.59b (down 15% from FY 2021). Net loss: US$310.0m (loss widened 27% from FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Energy Services industry in Europe.
Reported Earnings • Aug 13First half 2022 earnings released: US$0.027 loss per share (vs US$0.26 loss in 1H 2021)First half 2022 results: US$0.027 loss per share (up from US$0.26 loss in 1H 2021). Revenue: US$1.23b (down 23% from 1H 2021). Net loss: US$14.0m (loss narrowed 84% from 1H 2021). Over the next year, revenue is forecast to stay flat compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance.
공시 • Oct 20Petrofac Limited Announces Restructuring UpdateFurther to its announcement on 1 October 2025, in which Petrofac Limited advised it was advancing more than one route to implement the Restructuring, it confirms that the Restructuring will result in no residual value being retained by existing shareholders. The Company remains focused on completing the Restructuring in the shortest possible time and by the end of November 2025. It has made very good progress towards implementation, and expects to shortly conclude a Lock Up Agreement in respect of the identified implementation route, which will support the Group’s operational capability and ongoing delivery. The Group expects to share further detail in the coming days.
공시 • Jul 03Petrofac Limited Announces Court of Appeal Upholds Appeal Against Restructuring PlanThe Court of appeal has upheld an appeal, brought by certain creditors connected with the Thai Oil project, against the Order of the High Court which sanctioned the Restructuring Plans of Petrofac Limited and Petrofac International (UAE) LLC. The appeal was upheld on narrow grounds associated with the terms of the New Money financing and the evidence provided in support of it, that had previously been accepted by the High Court. All other grounds of appeal were unsuccessful. The Company is carefully studying the detailed judgment, which was made available to it this morning, and will discuss with key stakeholders the implications of the judgment and potential routes forward. The Company will provide further updates in due course.
공시 • Jul 02Petrofac Limited(LSE:PFC) dropped from FTSE All-Share Index (GBP)Petrofac Limited(LSE:PFC) dropped from FTSE All-Share Index (GBP)
공시 • Jan 08Petrofac Limited Announces Resignation of Sara Akbar as Non-Executive Director, Effective from 31 January 2025Petrofac Limited announced that Non-executive Director Sara Akbar has notified the Board of her intention to step down from her duties to pursue other business interests. She will do so from 31 January 2025. a result of the Board changes announced now, the Directors now sit on the following Board Committees as follows; Nominations Committee: René Médori (Chair), Matthias Bichsel, David Davies. Audit Committee: David Davies (Chair), Matthias Bichsel, Aidan de Brunner. Compliance & Ethics Committee: Mattias Bichsel (Chair), David Davies, René Médori. Remuneration Committee: Matthias Bichsel (Chair), David Davies, René Médori. Special Committee: Aidan de Brunner (Chair), Tareq Kawash, Afonso Reis e Sousa.
Reported Earnings • Oct 02First half 2024 earnings released: US$0.40 loss per share (vs US$0.27 loss in 1H 2023)First half 2024 results: US$0.40 loss per share (further deteriorated from US$0.27 loss in 1H 2023). Revenue: US$1.24b (flat on 1H 2023). Net loss: US$208.0m (loss widened 48% from 1H 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 60% per year, which means it is performing significantly worse than earnings.
공시 • Sep 10Petrofac Limited Announces Resignation of Ayman Asfari and Francesca Di Carlo as DirectorsPetrofac Limited announced the resignations of Ayman Asfari and Francesca Di Carlo as directors of the company with effect from 31 July 2024.
공시 • Sep 02Petrofac Limited, Annual General Meeting, Sep 23, 2024Petrofac Limited, Annual General Meeting, Sep 23, 2024. Location: the offices of linklaters llp, one silk street, ec2y 8hq, london United Kingdom
Reported Earnings • Jun 06Full year 2023 earnings released: US$0.97 loss per share (vs US$0.60 loss in FY 2022)Full year 2023 results: US$0.97 loss per share (further deteriorated from US$0.60 loss in FY 2022). Revenue: US$2.50b (down 3.7% from FY 2022). Net loss: US$505.0m (loss widened 63% from FY 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings.
공시 • Dec 05Aidan de Brunner Joins Petrofac Limited as Non-Executive DirectorPetrofac Limited announced that Aidan de Brunner has joined the Company as a Non-Executive Director. Aidan brings to Petrofac over 20 years of board, management, investment and financial advisory experience gained across a variety of global businesses. As the Group pivots to the execution of the new contracts won in 2023, Aidan will commit a significant portion of his time to supporting the Board for a limited period. He will drive engagement with finance providers, investors and other stakeholders in an active review of strategic and financial options to deliver on Petrofac’s potential following its most successful period for new awards in many years.
New Risk • Nov 24New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Negative equity (-US$66m).
Reported Earnings • Aug 13First half 2023 earnings released: US$0.32 loss per share (vs US$0.076 profit in 1H 2022)First half 2023 results: US$0.32 loss per share (down from US$0.076 profit in 1H 2022). Revenue: US$1.21b (down 3.2% from 1H 2022). Net loss: US$165.0m (down US$204.0m from profit in 1H 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.
New Risk • Aug 11New major risk - Negative shareholders equityThe company has negative equity. Total equity: -US$66m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-US$66m).
공시 • Aug 10Petrofac Limited to Report First Half, 2023 Results on Aug 10, 2023Petrofac Limited announced that they will report first half, 2023 results on Aug 10, 2023
Reported Earnings • May 30Full year 2022 earnings released: US$0.60 loss per share (vs US$0.68 loss in FY 2021)Full year 2022 results: US$0.60 loss per share. Revenue: US$2.59b (down 15% from FY 2021). Net loss: US$310.0m (loss widened 27% from FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Energy Services industry in Europe.
공시 • Nov 17Petrofac Limited, Annual General Meeting, May 12, 2023Petrofac Limited, Annual General Meeting, May 12, 2023, at 09:30 Coordinated Universal Time.
Reported Earnings • Aug 13First half 2022 earnings released: US$0.027 loss per share (vs US$0.26 loss in 1H 2021)First half 2022 results: US$0.027 loss per share (up from US$0.26 loss in 1H 2021). Revenue: US$1.23b (down 23% from 1H 2021). Net loss: US$14.0m (loss narrowed 84% from 1H 2021). Over the next year, revenue is forecast to stay flat compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance.
Buying Opportunity • Jun 25Now 24% undervaluedOver the last 90 days, the stock is up 7.9%. The fair value is estimated to be €1.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Apr 28Full year 2021 earnings released: US$0.54 loss per share (vs US$0.57 loss in FY 2020)Full year 2021 results: US$0.54 loss per share. Revenue: US$3.06b (down 25% from FY 2020). Net loss: US$195.0m (loss widened 1.6% from FY 2020). Over the next year, revenue is expected to shrink by 7.2% compared to a 25% growth forecast for the industry in Germany.
Reported Earnings • Oct 28First half 2021 earnings released: US$0.25 loss per share (vs US$0.23 loss in 1H 2020)The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: US$1.60b (down 24% from 1H 2020). Net loss: US$86.0m (loss widened 10% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance.
Board Change • Sep 14Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Non-Executive Director Francesca Di Carlo was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Sep 08Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Non-Executive Director Francesca Di Carlo was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Executive Departure • Sep 07CFO & Executive Director Alastair Cochran has left the companyOn the 1st of September, Alastair Cochran's tenure as CFO & Executive Director ended after 4.9 years in the role. As of June 2021, Alastair still personally held 147.54k shares (€187k worth at the time). Alastair is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.54 years.
Reported Earnings • May 22Full year 2020 earnings released: US$0.53 loss per share (vs US$0.22 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$4.08b (down 26% from FY 2019). Net loss: US$180.0m (down 347% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Apr 24Full year 2020 earnings released: US$0.53 loss per share (vs US$0.22 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$4.08b (down 26% from FY 2019). Net loss: US$180.0m (down 347% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings.
공시 • Feb 16Carnarvon Petroleum Limited Awards Drilling Management Services Contract to Petrofac LimitedCarnarvon Petroleum Limited announced the award of a drilling management services contract to Petrofac Limited (LSE: PFC, "Petrofac") for the B-10 appraisal well, which is expected to be drilled in H2 2021, subject to funding, rig availability and government approvals. On 17 December 2020, the Company announced it had entered into a subscription agreement with Timor-Leste Petroleum Pty Ltd. (a subsidiary of Carnarvon) to obtain up to a 50% equity interest in Carnarvon Petroleum Timor, Unipessoal Lda ("JVco"), its subsidiary which holds a 100% working interest in the Buffalo oil field (the "Subscription Agreement"), conditional, inter alia, on raising the necessary funding. JVco is presently making drilling preparations for the B-10 appraisal well, which is designed to drill the crest of the structure with the objectives of re-certifying resources into reserves and finalising the development plan for this proven oil field.
공시 • Jan 28+ 1 more updatePetrofac Limited(LSE:PFC) dropped from S&P EUROPE 350 - Energy (Industry Group)Petrofac Limited(LSE:PFC) dropped from S&P EUROPE 350 - Energy (Industry Group)
Is New 90 Day High Low • Jan 20New 90-day low: €1.25The company is down 4.0% from its price of €1.30 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 40% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.95 per share.
Is New 90 Day High Low • Nov 24New 90-day high: €1.91The company is up 2.0% from its price of €1.87 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.99 per share.
공시 • Nov 10Petrofac Limited to Report Fiscal Year 2020 Results on Feb 24, 2021Petrofac Limited announced that they will report fiscal year 2020 results on Feb 24, 2021
공시 • Nov 04Perenco (Oil & Gas) International Limited completed the acquisition of remaining 51% stake in Petrofac Netherlands Holding B.V. from Petrofac Limited (LSE:PFC).Perenco (Oil & Gas) International Limited singed an agreement to acquire remaining 51% stake in Petrofac Netherlands Holding B.V. from Petrofac Limited (LSE:PFC) for approximately $280 million on September 19, 2019. Under the terms of transaction, Petrofac Limited will receive an initial $37.5 million upon signing and a further minimum payment of $82.7 million upon completion of the transaction. The total consideration of up to $276 million comprises a fixed amount and a series of contingent amounts that depend upon future milestones, including field development, commercial, service contract transition and fiscal terms, and is subject to the level of achievement of the milestones above. The transaction is subjected to regulatory approval, which expected to close in 2020. On August 11, 2020, transaction is expected to complete in the second half of 2020. Proceeds from the sale will be used to reduce gross debt. HSBC USA Inc. acted as financial advisor to Petrofac Limited. Perenco (Oil & Gas) International Limited completed the acquisition of remaining 51% stake in Petrofac Netherlands Holding B.V. from Petrofac Limited (LSE:PFC) on November 3, 2020. Cash consideration received on completion was $82.7 million. In total, Petrofac has received $120.2 million. Further consideration of up to $155.8 million is potentially receivable, comprising $80.2 million plus interest payable on completion, which is disputed by Perenco. Petrofac will initiate formal legal proceedings against Perenco to recover this balance; and $75.6 million contingent on future milestones, including field development, commercial, service contract transition and fiscal terms.
공시 • Oct 13+ 2 more updatesPetrofac Limited Announces Board ChangesPetrofac Limited announced that Sami Iskander will join as Deputy Chief Executive on 1 November 2020 and, following a short transition period, will assume the role of Group Chief Executive from 1 January 2021, at which time he will also be appointed as an Executive Director to Petrofac's Board of Directors. On 1 January 2021, Ayman Asfari will be appointed as a Non-executive Director to the company's Board of Directors, to provide stability and continuity.
공시 • Aug 12Petrofac Limited Announces No Interim Dividend for the Six Months Ended 30 June 2020The Board of Petrofac Limited recognised the importance of dividends to shareholders, but has decided to continue to suspend dividend payments and therefore not pay an interim dividend in 2020 (2019: 12.7 US cents per share) to conserve cash. At this time of considerable economic uncertainty, the Board is prioritising maintaining a strong balance sheet and does not expect to resume the payment of dividends until there is a sustained recovery in new order intake.