Etablissements Maurel & Prom Reports Full Year 2022 Earnings

Simply Wall St

March 17, 2023

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).

earnings-and-revenue-growth — 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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.