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Complete financial analysis of Vår Energi AS (VAR.OL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Vår Energi AS, a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Vår Energi AS (VAR.OL)
About Vår Energi AS
Var Energi AS, an independent upstream oil and gas company, explores for, develops, and produces hydrocarbons. The company operates four fields on the Norwegian continental shelf, including the Goliat, Marulk, Balder, and Ringhorne and Ringhorne East fields located in the Barents, the Norwegian, and the North Sea, as well as holds ownership interests in 32 producing partner-operated fields on the Norwegian continental shelf. It has reserves of 1,147 million barrels of oil equivalent on the Norwegian continental shelf. The company was formerly known as Eni Norge AS and changed its name to Var Energi AS in December 2018. The company was founded in 1965 and is based in Sandnes, Norway. Var Energi AS is a subsidiary of Eni International B.V.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 6.82B | 9.78B | 6.04B | 2.87B | 2.82B |
| Cost of Revenue | 1.01B | 2.59B | 2.85B | 1.06B | 948.56M |
| Gross Profit | 5.81B | 7.19B | 3.20B | 1.81B | 1.87B |
| Gross Profit Ratio | 85.20% | 73.51% | 52.91% | 63.15% | 66.38% |
| Research & Development | 34.98M | 31.54M | 32.18M | 25.17M | 19.01M |
| General & Administrative | 28.77M | 26.33M | 26.50M | 20.21M | 12.15M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 28.77M | 26.33M | 26.50M | 20.21M | 12.15M |
| Other Expenses | 2.23B | 210.26M | 176.55M | 1.92B | 1.30B |
| Operating Expenses | 2.29B | 268.12M | 235.23M | 1.96B | 1.33B |
| Cost & Expenses | 3.30B | 2.86B | 3.08B | 3.02B | 2.28B |
| Interest Income | 0.00 | 9.50M | 0.00 | 32.22M | 13.13M |
| Interest Expense | 7.03M | 8.12M | 175.74M | 166.10M | 62.90M |
| Depreciation & Amortization | 1.42B | 1.45B | 1.70B | 1.71B | 1.17B |
| EBITDA | 4.78B | 7.96B | 4.45B | -331.16M | 1.68B |
| EBITDA Ratio | 70.19% | 81.37% | 73.67% | 64.75% | 64.20% |
| Operating Income | 3.52B | 6.37B | 3.06B | 150.63M | 642.85M |
| Operating Income Ratio | 51.59% | 65.12% | 50.61% | 5.25% | 22.79% |
| Total Other Income/Expenses | -159.61M | -512.93M | -411.86M | 48.90M | -191.41M |
| Income Before Tax | 3.36B | 5.86B | 2.65B | -2.20B | 451.44M |
| Income Before Tax Ratio | 49.25% | 59.87% | 43.79% | -76.83% | 16.00% |
| Income Tax Expense | 2.75B | 4.92B | 1.99B | -577.38M | 373.01M |
| Net Income | 610.23M | 936.40M | 654.36M | -1.63B | 78.43M |
| Net Income Ratio | 8.95% | 9.57% | 10.83% | -56.70% | 2.78% |
| EPS | 0.24 | 0.38 | 0.26 | -0.65 | 0.03 |
| EPS Diluted | 0.24 | 0.38 | 0.26 | -0.65 | 0.03 |
| Weighted Avg Shares Out | 2.50B | 2.50B | 2.50B | 2.50B | 2.50B |
| Weighted Avg Shares Out (Dil) | 2.50B | 2.50B | 2.50B | 2.50B | 2.50B |
Source: https://incomestatements.info
Category: Stock Reports