BlueNord ASA

BNOR

Equity

ISIN NO0010379266 / Valor 3274949

Oslo Stock Exchange (2025-11-21)

NOK 443.50-10.4%

BlueNord ASA
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About company

BlueNord ASA is a publicly traded entity on the Oslo Stock Exchange, primarily engaged in the oil, gas, and offshore industry. As of 2022, the company reported a production share of 26,700 barrels of oil equivalent per day (boe/d), with projections to more than double its net production to over 55,000 boe/d following the commencement of operations at Tyra by the end of 2023. BlueNord boasts a substantial reserves base, including net 2P reserves and near-term contingent resources totaling 220 million barrels of oil equivalent (mmboe) and longer-term 2C resources exceeding 200 mmboe. The company plays a significant role in the Danish North Sea through a 36.8% non-operated interest in the Danish Underground Consortium (DUC), which encompasses 4 hubs with 15 fields, four export pipelines, and extensive infrastructure, marking over 50 years of production history.

Summarized from source with an LLMView SourceSector: Energy

Net Hydrocarbon Production

BlueNord achieved a net hydrocarbon production of 37.8 mboe/d in Q2 2025, reflecting stable operational performance from its key assets.

Revenue Growth

Revenues surged to USD 260 million in Q2 2025, marking a 52% increase quarter-on-quarter, driven by higher production and market prices.

EBITDA Improvement

The company's EBITDA reached USD 133 million, a 66% increase from the previous quarter, underscoring enhanced operational efficiency and profitability.

Operating Cash Flow

Operating cash flow stood at USD 70 million for the quarter, supporting ongoing investments and financial stability.

Financial Refinancing

BlueNord successfully refinanced its BNOR15 convertible bond with a new USD 300 million BNOR17 hybrid bond, eliminating future equity dilution and strengthening the balance sheet.

Dividend Proposal

The company proposed a cash dividend of USD 49 million for Q2 2025, contributing to total distributions of USD 302 million and reflecting a commitment to shareholder returns.

Summarized from source with an LLMView Source

Key figures

-26.2%1Y

23.2%3Y

249%5Y

Performance

34.9%1Y

31.1%3Y

37.4%5Y

Volatility