Q: Dear 5i team.
Please provide your assessment of Tou's Nov.5th earnings and outlook.
Don't see any Q's on it in the archives.
Please provide your assessment of Tou's Nov.5th earnings and outlook.
Don't see any Q's on it in the archives.
5i Research Answer:
EPS of 49c missed estimates of 66c; revenue of $1.48B were near estimates of $1.47B. EBITDA of $722M missed estimates by 13%. Production of 634,746 boe/d beat estimates by a fraction. Liquids production rose 4% with a 31% growth target by 2031. A special dividend of 25-cents was declared. This was not a 'perfect' quarter but as long as production continues to rise then we are generally comfortable. TOU cannot control pricing. The balance sheet remains strong and we remain comfortable here.