New Risk • Jun 09
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (dividend per share is over 12x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Reported Earnings • Jun 08
Full year 2025 earnings released: EPS: US$0.001 (vs US$0.05 in FY 2024) Full year 2025 results: EPS: US$0.001 (down from US$0.05 in FY 2024). Revenue: US$1.12b (down 5.3% from FY 2024). Net income: US$1.56m (down 98% from FY 2024). Profit margin: 0.1% (down from 7.9% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 5.9% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 6.5%. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Michael Borrell was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Mar 26
Enquest plc Proposes Final Dividend for 2025, Payable on 5 June 2026 EnQuest PLC proposed a second final ordinary dividend of 0.801 pence per share (equivalent to approximately $20.0 million). This proposed dividend is subject to approval by shareholders at the Annual General Meeting scheduled for 22 May 2026, and accordingly has not been recognised as a liability as at 31 December 2025. If approved, the dividend will be paid on 5 June 2026 to shareholders on the register at 8 May 2026, with shares trading ex-dividend from 7 May 2026. Aankondiging • Mar 25
EnQuest PLC, Annual General Meeting, May 22, 2026 EnQuest PLC, Annual General Meeting, May 22, 2026. Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Michael Borrell was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Sep 24
Enquest PLC Reaffirms Production Guidance for the Full Year 2025 EnQuest PLC reaffirmed production guidance for the full year 2025. For the year, strong underlying asset performance, optimised production at Magnus and confidence in the second half outlook mean that full year production guidance remains unchanged at 40,000 to 45,000 boed. Aankondiging • Aug 26
EnQuest PLC to Report First Half, 2025 Results on Sep 24, 2025 EnQuest PLC announced that they will report first half, 2025 results on Sep 24, 2025 Aankondiging • Aug 16
Enquest plc Announces Completion of Topsides Heavy Lift EnQuest announced the completion of a major decommissioning milestone, with the safe removal of the Heather Alpha topsides on 11 August. The Allseas-owned Pioneering Spirit heavy lift vessel removed the 15,300 tonne topsides in a single lift, the largest single lift planned in the North Sea this year. Building on EnQuest's established top quartile decommissioning performance, which has seen the Group complete the plugging and abandonment of more than 80 North Sea wells in the past three years, the heavy lift marked the culmination of significant planning, engineering and offshore preparation work, which has been undertaken by EnQuest's in-house decommissioning team, working alongside Allseas and other specialist contractors. The Heather topsides are currently in transit to Frederikshavn in Denmark, where the structure will be dismantled, with a continued focus on safe operations. It is expected that more than 95% of the structure will be recycled and repurposed, ensuring maximum material recovery and minimising the carbon footprint of the project. Aankondiging • Mar 28
EnQuest PLC, Annual General Meeting, May 27, 2025 EnQuest PLC, Annual General Meeting, May 27, 2025. Aankondiging • Mar 07
Serica Energy in Talks for A Potential Merger with Enquest Serica Energy Plc (LON: SQZ) said on March 7, 2025 that it is in discussions for a potential merger with local sector player Enquest Plc (LON:ENQ). Serica’s shares were trading up 4.23% at 125.60 pence as of 1108 GMT, following the announcement, whereas Enquest saw its stock rise by 14.68% to 12.50 pence. The proposed transaction would be structured as an all-share offer by Enquest, with Serica shareholders receiving a return of capital. Besides, Serica's investors would own the majority of shares in the newly combined entity, which would continue to be listed on the London Stock Exchange, according to Serica’s statement. Under the UK takeover rules, Enquest has until April 4 to either make a formal offer or withdraw from the discussions. Aankondiging • Feb 13
EnQuest PLC Provides Production Guidance for the Year 2025 EnQuest PLC provided production guidance for the year 2025. For the period, the company expects Production of 40,000 Boepd to 45,000 Boepd. Aankondiging • Jan 25
EnQuest PLC to Report Q4, 2024 Results on Mar 27, 2025 EnQuest PLC announced that they will report Q4, 2024 results on Mar 27, 2025 Aankondiging • Jan 23
EnQuest PLC (LSE:ENQ) signed a Sale and Purchase Agreement to acquire Chim Sáo and Dua production fields from Premier Oil (Vietnam) Ltd and Premier Oil Vietnam Offshore BV for $84 million. EnQuest PLC (LSE:ENQ) signed a Sale and Purchase Agreement to acquire Chim Sáo and Dua production fields from Premier Oil (Vietnam) Ltd and Premier Oil Vietnam Offshore BV for $84 million on January 22, 2025.
The expected completion of the transaction is scheduled to be completed during the second quarter of 2025. Aankondiging • Nov 20
EnQuest PLC Revises Production Guidance for 2024 EnQuest PLC revised production guidance for 2024. For the period, due to the impact of the Ninian outage, the company now expects its full year production to be slightly below its 41,000 to 45,000 boepd guidance range. Aankondiging • Sep 05
Enquest plc Reaffirms Production Guidance for 2024 EnQuest PLC reaffirmed production guidance for 2024. For the period the company announced that it remains on track to deliver net production within the guidance range of 41,000 to 45,000 Boepd set at the start of the year. Aankondiging • Aug 29
EnQuest PLC to Report Q2, 2024 Results on Sep 05, 2024 EnQuest PLC announced that they will report Q2, 2024 results on Sep 05, 2024 Aankondiging • May 01
EnQuest PLC (LSE:ENQ) announces an Equity Buyback for $15 million worth of its shares. EnQuest PLC (LSE:ENQ) announces a share repurchase program. Under the program, the company will repurchase up to $15 million worth of its shares. The initial 25,000,000 repurchased shares will be held in treasury for issue in due course to the Company's Employee Benefit Trust to satisfy the anticipated future exercise of options and awards made to employees and Executive Directors of the company pursuant to certain of the Company's existing share plans and shares repurchased after initial 25,000,000 shares, will be cancelled. The plan will be valid till June 30, 2024. Aankondiging • Feb 15
EnQuest plc Provides Production Guidance for the Year 2024 EnQuest PLC provided production guidance for the year 2024. For the year, the company expects production guidance of 41,000 Boepd to 45,000 Boepd. Aankondiging • Dec 22
EnQuest PLC(OM:ENQ) dropped from OMX Nordic All-Share Index EnQuest PLC has been dropped from OMX Nordic All-Share Index. Aankondiging • Dec 18
EnQuest PLC Announces Director Change EnQuest PLC ('EnQuest') announced that Karina Litvack, Non-Executive Director, has informed the Board of her intention to resign as Non-Executive Director of the Company with immediate effect, due to an unexpected conflict arising through the EU Unbundling Directive which prohibits any director of a European power transmission company from also serving on the board of an upstream operator. Ms. Litvack is a director of Terna S.p.A, an Italian company. As part of its ongoing Board renewal process, the EnQuest PLC Board will seek to allocate the positions of Senior Independent Director and Chair of Remuneration and Social Responsibility Committee, which are vacated by Ms. Litvack. Aankondiging • Dec 08
EnQuest PLC Announces Appointment of Salman Malik as CEO of Its Subsidiary ,Veri Energy EnQuest PLC announced the appointment of that Salman Malik, Chief Financial Officer ('CFO') and Managing Director, Infrastructure and New Energy, will assume the role of Chief Executive Officer ('CEO') of Veri Energy ('Veri'), a wholly owned subsidiary of EnQuest. Veri will be responsible for managing the Company's existing infrastructure and new energy business with a focused management structure. This is a logical next step in the strategic evolution of EnQuest's ambitions to build an infrastructure and new energy business in a capital-light manner, while providing Veri the opportunity to leverage support from financial and strategic partnerships. Salman will remain an Executive Director of the Board of EnQuest, ensuring ongoing alignment with EnQuest's corporate strategy and net zero commitment. Aankondiging • Dec 05
EnQuest PLC Announces Submission of Application to Delist its Shares from Nasdaq Stockholm In line with the previous announcements on 5 September 2023 and 30 October 2023, EnQuest PLC ('EnQuest' or the 'Company') has on 5 December 2023, applied for the delisting of EnQuest's shares, short name ENQ, ISIN code GB00B635TG28, from Nasdaq Stockholm. The Company's shares will remain listed on the London Stock Exchange. Based on previous communication held with Nasdaq Stockholm, upon review of EnQuest's application, Nasdaq Stockholm will determine the last day of trading in EnQuest's shares. The last day of trading in the shares will be announced as soon as the Company has been informed thereof by Nasdaq Stockholm. Aankondiging • Nov 29
EnQuest PLC Provides Group Production Guidance for the Year 2023 EnQuest PLC provided group production guidance for the year 2023. For the year, the group expects average net production to be around the mid-point of the existing guidance range of 42,000 Boepd to 46,000 Boepd. Aankondiging • Oct 31
EnQuest Announces Update on Application to Delist its Shares from Nasdaq Stockholm EnQuest PLC ('EnQuest' or the 'Company') announced that as notified in a previous announcement on 5 September 2023, EnQuest plans to apply for a delisting of the company's shares from Nasdaq Stockholm. The formal request to delist is therefore expected to be submitted to Nasdaq Stockholm on 5 December with the last day of trading likely to be around two weeks after the application date (the "Delisting Date"). The Company's shares will remain listed on the London Stock Exchange. In order to continue trading in EnQuest shares, EnQuest shareholders holding their shares through Euroclear Sweden AB must arrange for a cross-border transfer of their shares into the book-entry system maintained by Euroclear UK & Ireland Limited (also known as CREST). DNB Markets, a part of DNB Bank ASA, Sweden Branch ('DNB Markets') acts as EnQuest's Issuing Agent and will coordinate the conversion process. Shareholders should in the first instance, however, discuss the cross-border transfer of shares with their respective nominee bank. Cross-border transfer applications should be made within the period of action, defined as being 31 October to 13 December 2023, and transfers made through DNB will be completed free of any charges to individual shareholders and nominees. Shareholders that do not apply for the cross-border transfer within the period of action will not be able to trade in the Company's shares following the Delisting Date: A letter with cross-border instructions will be distributed to all directly registered shareholders and to all custodians by 1 November 2023. The instruction letter explains the cross-border process and any actions to be taken by shareholders. Cross-border settlement will be done on a weekly basis starting from 8 November until 13 December. Shareholders should contact their respective nominee banks or EnQuest's Issuing Agent, DNB Markets. Aankondiging • Sep 14
EnQuest PLC Appoints Karina Litvack as Non-Executive Director and Senior Independent Director EnQuest PLC announced the appointment of Karina Litvack as a Non-Executive Director and Senior Independent Director with effect from 15 September 2023. Karina will also chair the Remuneration and Social Responsibility Committee. Karina has enjoyed a varied and extensive career focusing on climate transition and business resilience. As Founding Chairman of the Climate Governance Initiative, a project launched in collaboration with the World Economic Forum, and co-founder and former steering committee member of Chapter Zero UK and Chapter Zero Italy, she has supported boards in the transition to net zero. Karina is a non-executive director of Terna SpA, which is listed on the Italian Stock Exchange, having been appointed to that board on 9 May 2023. Previously she was a non-executive director of Eni SpA from 2014 to May 2023. Karina was also a member of the Board of the Extractive Industries Transparency Initiative until 2009, the London Stock Exchange Primary Markets Group until 2012 and the Board of Governors of the CFA Institute until 2022. Aankondiging • Sep 06
EnQuest Plans to Apply for Delisting of Its Shares from Nasdaq Stockholm EnQuest PLC ('EnQuest' or the 'Company') plans to apply for delisting of the Company's shares from Nasdaq Stockholm. The formal application for delisting will, however, be submitted to Nasdaq Stockholm no earlier than three months after the market has been informed of the delisting plans through this press release. The Company's shares will remain listed on the London Stock Exchange. EnQuest's listing on Nasdaq Stockholm originated from the issue of shares as consideration to Swedish resident shareholders in the former Lundin entity acquired in the early years of the Company. Whilst the UK was a member state of the European Union ('EU'), the London Stock Exchange was the Company's primary listing for EU purposes and, therefore, the additional compliance requirements relating to the Company's listing on Nasdaq Stockholm were minimal. However, following the departure of the UK from the EU, the UK is no longer considered to be EnQuest's primary EU listing, and has been replaced as such by Nasdaq Stockholm. This therefore imposes significant additional compliance requirements. EnQuest has no legal or physical presence in Sweden and is therefore reliant on external support to ensure compliance with Nasdaq Stockholm listing requirements. This has created a source of additional unexpected compliance cost for the Company. The ownership of the shares will not be affected by a delisting, and shareholders will maintain their shareholders' rights under applicable corporate law and the Company's constitutional documents. Following the delisting, EnQuest's shareholders holding their shares through Euroclear Sweden AB can continue trading in EnQuest's shares on the London Stock Exchange by first arranging for a cross-border transfer of their shares into the book-entry system maintained by Euroclear UK & Ireland Limited (also known as CREST). Further details of such cross-border transfers will be provided in due course. Aankondiging • Aug 26
EnQuest PLC to Report First Half, 2023 Results on Sep 05, 2023 EnQuest PLC announced that they will report first half, 2023 results on Sep 05, 2023 New Risk • Jul 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% 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. This is currently the only risk that has been identified for the company. Aankondiging • May 25
EnQuest PLC Reaffirms Production Guidance for the Full year 2023 EnQuest PLC reaffirmed production guidance for the full year 2023. For the period, average net Group production is expected to be between 42,000 Boepd and 46,000 Boepd, noting shutdowns and periods of single train operations planned at Magnus and Kraken, respectively, in the third quarter. Aankondiging • May 19
Enquest Announces Securing the Offer of Carbon Storage Licences by the North Sea Transition Authority EnQuest announced that it has successfully secured the offer of carbon storage licences as part of the first round of UK carbon sequestration licences issued by the North Sea Transition Authority ('NSTA'). The successful licence offers are within application areas known as Northern North Sea 1 and Northern North Sea 2. These are some 99 miles northeast of Shetland and include fields currently operated by EnQuest, the Magnus and Thistle fields, as well as the non-operated Tern and Eider fields. These sites are large, well characterised deep storage formations connected by significant existing infrastructure to the Sullom Voe Terminal ('SVT') in Shetland. EnQuest plans to have carbon dioxide ('CO2') shipped to SVT in liquid form and then utilise the existing jetties at the terminal before being transported via the existing East of Shetland pipeline for injection and permanent storage offshore. The flexibility afforded by a shipped solution for carbon storage is expected to enable a service to be provided to isolated emitter clusters in the UK, Europe and further afield who may not otherwise be able to access storage infrastructure. Reported Earnings • Apr 06
Full year 2022 earnings released: US$0.022 loss per share (vs US$0.22 profit in FY 2021) Full year 2022 results: US$0.022 loss per share (down from US$0.22 profit in FY 2021). Revenue: US$1.85b (up 46% from FY 2021). Net loss: US$41.2m (down 111% from profit in FY 2021). Revenue is expected to decline by 19% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.0%. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 17
EnQuest PLC Provides Production Guidance for the Year 2023 EnQuest PLC provided production guidance for the year 2023. For the year, the company expects net production to be between 42,000 and 46,000 Boepd. Board Change • Jan 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Chairman Gareth Penny was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 04
EnQuest PLC to Report Fiscal Year 2022 Results on Mar 23, 2023 EnQuest PLC announced that they will report fiscal year 2022 results on Mar 23, 2023 Reported Earnings • Sep 07
First half 2022 earnings released: EPS: US$0.11 (vs US$0.034 loss in 1H 2021) First half 2022 results: EPS: US$0.11 (up from US$0.034 loss in 1H 2021). Revenue: US$838.8m (up 74% from 1H 2021). Net income: US$203.5m (up US$259.9m from 1H 2021). Profit margin: 24% (up from net loss in 1H 2021). Revenue is expected to decline by 9.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.3%. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Sep 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO & Executive Director Salman Malik was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Rani Koya was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Rani Koya was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 08
First half 2021 earnings released: US$0.034 loss per share (vs US$0.28 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: US$481.3m (up 9.7% from 1H 2020). Net loss: US$56.4m (loss narrowed 88% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 26
Full year 2020 earnings released The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$865.6m (down 47% from FY 2019). Net loss: US$625.8m (loss widened 39% from FY 2019). Is New 90 Day High Low • Mar 06
New 90-day high: €0.29 The company is up 170% from its price of €0.11 on 04 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.73 per share. Is New 90 Day High Low • Feb 24
New 90-day high: €0.23 The company is up 83% from its price of €0.13 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.67 per share. 
