Maha Energy AB
(STU:7M7)
€
0.515
-0.01 (-1.9%)
Market Cap: 91.11 Mil
Enterprise Value: 48.17 Mil
PE Ratio: 0
PB Ratio: 0.77
GF Score: 34/100 Q2 2024 Maha Energy AB Earnings Call Transcript
Aug 13, 2024 / 12:00PM GMT
Release Date Price:
€0.654
(+1.55%)
Key Points
Positve
- Maha Energy AB (STU:7M7) has initiated a share buyback program, approved by the AGM, which is expected to enhance shareholder value.
- The company has a strong financial position with a net cash position of approximately $79 million and a pro forma cash flow plus short-term investments of around $127 million.
- Maha Energy AB (STU:7M7) has successfully restructured its debt, reducing the cost of debt from 13.5% to 6.9%, resulting in significant savings.
- The company has identified significant synergies and optimizations in its merger with 3R, expected to yield substantial financial benefits.
- Maha Energy AB (STU:7M7) has shown a stable production increase in the Illinois Basin, with a 65% revenue increase compared to the previous year.
Negative
- The company reported a negative EBITDA of around $860,000, primarily due to nonrecurring M&A-related expenses.
- Maha Energy AB (STU:7M7) experienced a net loss of $22.7 million, largely impacted by an unrealized loss on 3R shares.
- There are uncertainties and delays in obtaining necessary licenses for operations in Venezuela, which could impact future revenue.
- The company's financial results were affected by a decrease in 3R share prices, leading to an unrealized loss of $20 million.
- The Illinois production requires continuous drilling of new wells to maintain production levels, which could lead to increased costs.
Kaarlo Airaxin
Laika Consulting AB - Investor Relations
(Spoken in foreign language)
Kjetil and Roberto, how are things in Rio de Janeiro?
Kjetil Solbraekke
Maha Energy AB - CEO
(spoken in foreign language) Sibaji Maryville also, which is the wonderful city. So it is always (spoken in foreign language)
Roberto Marchiori
Maha Energy AB - CFO
Yeah, very nice, thank you.
Kaarlo Airaxin
Laika Consulting AB - Investor Relations
Well, Kjetil and Roberto, please walk us through perhaps even by your standards, a very extraordinary and eventful quarter. Go ahead. The scene is are your guys.
Kjetil Solbraekke
Maha Energy AB - CEO
Well, thanks a lot for that, and thanks for a nice introduction and super happy to be here again and presenting. And thanks for the collaboration with you guys in Stockholm. Yes, it's been an eventful presentation. Let's go through a bit of the disclaimer first as we have to. Here we go. So well
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