Stock Analysis

Etablissements Maurel & Prom Reports Full Year 2022 Earnings

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Etablissements Maurel & Prom (EPA:MAU) Full Year 2022 Results

Key Financial Results

  • Revenue: US$689.4m (up 38% from FY 2021).
  • Net income: US$204.8m (up 71% from FY 2021).
  • Profit margin: 30% (up from 24% in FY 2021). The increase in margin was driven by higher revenue.

MAU Production

Oil Sales Price
  • Average sales price/bbl: US$97.80.
Gas Sales Price
  • Average sales price/mcf: US$3.57.
Combined production
  • Oil equivalent production: 9.336 MMboe (9.304 MMboe in FY 2021).
ENXTPA:MAU Earnings and Revenue Growth March 17th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

Etablissements Maurel & Prom Earnings Insights

Looking ahead, revenue is expected to fall by 8.6% p.a. on average during the next 3 years compared to a 6.6% decline forecast for the Oil and Gas industry in France.

Performance of the French Oil and Gas industry.

The company's shares are down 7.9% from a week ago.

Risk Analysis

Be aware that Etablissements Maurel & Prom is showing 3 warning signs in our investment analysis and 1 of those doesn't sit too well with us...

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