Var Energi ASA
VAR
ISIN NO0011202772 / Valor 116566768
Var Energi ASA
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About company
Var Energi ASA is a Norwegian energy company with a strong presence in the Norwegian Continental Shelf (NCS), boasting a diversified asset portfolio and a history of over 50 years of operations in the region. The company was established in 2018 through the merger of Eni Norge AS and Point Resources AS, leveraging the operational resources and technical expertise of ExxonMobil and Eni. With more than 1,300 employees and equity stakes in 47 producing fields, Var Energi produced a net 213 kboepd of oil and gas in 2023. The company focuses on ongoing development projects centered around hubs and has a strong exploration track record, making it a key player in the Norwegian energy sector.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (16.11.2025):
Var Energi ASA's third quarter 2025 report highlights a period of robust financial and operational performance. The company delivered solid results with healthy revenue and cash flow figures, while operational achievements—such as a 29% increase in production and accelerated project ramp-ups—underscore its transformational growth strategy. These outcomes reinforce Var Energi ASA’s commitment to creating long‐term value and providing attractive shareholder returns.
Financial Performance
In Q3 2025, Var Energi ASA reported petroleum revenues of USD 2,115 million, an EBIT of USD 1,071 million, and profit before tax of USD 1,005 million. The strong cash flow generation was evident with USD 1,234 million from operations and USD 508 million in free cash flow, underpinning a resilient financial profile.
Operational Highlights
The company achieved an average production of 370 kboepd in the third quarter, marking a 29% increase compared to the previous quarter. Key projects, including the Jotun FPSO on the Balder field, reached production milestones ahead of schedule, with seven out of the nine planned growth projects now on stream and contributing significantly to the ramp-up of production.
Capital Structure & Dividend
Var Energi ASA maintained a robust balance sheet in Q3 2025, reflected in a net debt to EBITDAX ratio of 0.9 and USD 3.6 billion of available liquidity. The confirmed dividend of USD 300 million underscores the company’s strong commitment to delivering attractive returns to its shareholders.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
7810 M
Market cap (USD)
7,585,456
Daily traded volume (Shares)
35.16 / 34.27
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
Lai Jiang
Lai Jiang
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