Maha Energy: Q2 EBITDA in line - ABG

USD 9m EBITDA, in line with ABGSCe at USD 9.1m
Report unlikely to trigger significant revisions
Webcast today at 16:00CET
Q2 EBITDA in line with ABGSCe
Maha reported Q2’21 production of 3,1kboe/d a notch below ABGSCe at 3.2kboe/d. EBITDA for the quarter came in at USD 9.0m, in line with ABGSCe at USD 9.1m, but below FactSet consensus at USD 10.7m (note that the FactSet consensus is thin, and is not always up to date). NIBD came in a notch above at USD 20.5m vs. ABGSCe at USD 19.7m.

Report unlikely to trigger significant revisions
At first sight the Q2 report does not contain information that should result in material estimate revisions to consensus for the full year 2021, as the operational challenges faced in Q2 of some unplanned maintenance was reportedly resolved in June. The nominal deviation vs. cons for Q2 was small and there is no updated guidance on items such as group FY’21 production or capex.

Länk till analysen i sin helhet: https://www.introduce.se/foretag/maha-energy/Equity-research/2021/8/maha-energy---q2-ebitda-in-line-with-abgsce/