Seplat Energy PLC (STU:134)
€ 2.68 0.1 (3.88%) Market Cap: 1.84 Bil Enterprise Value: 2.19 Bil PE Ratio: 26.32 PB Ratio: 1.17 GF Score: 57/100

Q2 2023 Seplat Energy PLC Earnings Call Transcript

Jul 28, 2023 / 08:00AM GMT
Release Date Price: €1.6 (+3.90%)
Operator

Ladies and gentlemen, welcome to the Seplat Energy 2023 Half Yearly Results Presentation. My name is Jotin, I will be the operator for your call this morning. (Operator Instructions) I will now hand you over to Roger Brown, CEO.

Roger Thompson Brown
Seplat Energy Plc - CEO & Executive Director

Thank you, and good morning, everyone, and delighted to be coming out with our first half of 2023 results. So we just lay out on the first slide, some of the metrics. And you can see there that we are uplifting our quarterly dividend. This is a continuing -- this is our core dividend. So it's now up 20% to $0.03 a share.

Our total production for the half was 9.2 million barrels of oil equivalent, which is slightly up on the equivalent period. Revenue of $547 million, which again is slightly up. And net debt, which is slightly up, again at $380 million, but at good levels.

And looking on the right side of that slide, just the highlights. You can see there in terms of operating uptime improving year-on-year. We're finding that we're getting reduced

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