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XOSL
VAR
Market cap7.19bUSD
Apr 24, Last price  
29.93NOK
1D
0.34%
1Q
-17.89%
IPO
9.23%
Name

Var Energi ASA

Chart & Performance

D1W1MN
No data to show
P/E
22.00
P/S
0.98
EPS
0.13
Div Yield, %
11.73%
Shrs. gr., 5y
—
Rev. gr., 5y
21.18%
Revenues
7.37b
+8.16%
2,821,056,0002,868,635,0006,043,375,0009,780,543,0006,815,965,0007,372,336,000
Net income
327m
-46.40%
78,427,000-1,626,624,000654,356,000936,402,000610,229,000327,108,000
CFO
3.41b
-0.36%
1,499,943,0001,743,857,0004,579,902,0005,681,877,0003,420,273,0003,407,907,000
Dividend
Jul 29, 20241.184 NOK/sh
Earnings
May 07, 2025

Profile

Var Energi AS, an independent upstream oil and gas company, explores for, develops, and produces hydrocarbons. The company operates four fields on the Norwegian continental shelf, including the Goliat, Marulk, Balder, and Ringhorne and Ringhorne East fields located in the Barents, the Norwegian, and the North Sea, as well as holds ownership interests in 32 producing partner-operated fields on the Norwegian continental shelf. It has reserves of 1,147 million barrels of oil equivalent on the Norwegian continental shelf. The company was formerly known as Eni Norge AS and changed its name to Var Energi AS in December 2018. The company was founded in 1965 and is based in Sandnes, Norway. Var Energi AS is a subsidiary of Eni International B.V.
URL
https://varenergi.no/
IPO date
Feb 16, 2022
Employees
1,000
Domiciled in
NO
Incorporated in
NO

Valuation

Title
USD in thousands, except ratios and share amounts
FYFYFYFYFYFYFY
2024‑122023‑122022‑122021‑122020‑122019‑122018‑12
Income
Revenues
7,372,336
8.16%
6,815,965
-30.31%
9,780,543
61.84%
Cost of revenue
3,392,818
1,072,817
2,648,972
Unusual Expense (Income)
NOPBT
3,979,518
5,743,148
7,131,571
NOPBT Margin
53.98%
84.26%
72.92%
Operating Taxes
2,986,011
2,746,704
4,919,489
Tax Rate
75.03%
47.83%
68.98%
NOPAT
993,507
2,996,444
2,212,082
Net income
327,108
-46.40%
610,229
-34.83%
936,402
43.10%
Dividends
(1,080,000)
(1,110,000)
(775,000)
Dividend yield
1.23%
1.38%
0.92%
Proceeds from repurchase of equity
BB yield
Debt
Debt current
70,400
99,265
599,312
Long-term debt
5,435,481
3,281,173
2,778,569
Deferred revenue
9,259
Other long-term liabilities
3,414,238
12,232,833
3,303,410
Net debt
5,239,298
2,644,785
2,943,188
Cash flow
Cash from operating activities
3,407,907
3,420,273
5,681,877
CAPEX
(66,794)
(2,641,033)
(2,593,147)
Cash from investing activities
(4,244,059)
(2,668,118)
(2,663,165)
Cash from financing activities
448,200
(459,302)
(2,903,227)
FCF
(1,035,734)
1,658,678
3,286,407
Balance
Cash
266,583
734,914
434,693
Long term investments
739
Excess cash
394,855
Stockholders' equity
45,972
45,972
45,972
Invested Capital
9,540,774
17,218,399
6,181,253
ROIC
7.43%
25.61%
29.27%
ROCE
19.86%
33.27%
49.84%
EV
Common stock shares outstanding
2,496,406
2,496,406
2,496,406
Price
35.29
9.73%
32.16
-4.29%
33.60
 
Market cap
88,098,177
9.73%
80,284,417
-4.29%
83,879,242
 
EV
93,337,475
82,929,202
86,822,430
EBITDA
5,895,373
7,165,746
8,579,537
EV/EBITDA
15.83
11.57
10.12
Interest
20,619
7,030
8,120
Interest/NOPBT
0.52%
0.12%
0.11%