Latest news with #SeplatEnergy
Zawya
3 days ago
- Business
- Zawya
Seplat Energy Chief Executive Officer (CEO) Joins African Energy Week (AEW) 2025 as Nigeria Accelerates Gas-Driven Growth
Roger Brown, CEO of Nigerian independent oil and gas company Seplat Energy, has been confirmed as a speaker at African Energy Week (AEW): Invest in African Energies 2025, taking place from September 29 to October 3 in Cape Town. His participation underscores Nigeria's gas-led strategy to drive industrialization, boost power generation and attract investment across the energy value chain. In recent years, Seplat Energy has solidified its position as a key enabler of Nigeria's just energy transition, advancing low-carbon oil and gas developments that unlock value for local communities. The company recently announced plans to revive over 400 idle oil wells across 11 blocks, is advancing the $650 million ANOH Gas Processing Plant – slated to produce 300 million cubic feet per day – and has ramped up output through its $1.28 billion acquisition of energy major ExxonMobil's local subsidiary Mobil Producing Nigeria Unlimited. The deal, which received federal approval in 2024, effectively tripled Seplat Energy's production volume and secured major stakes in prolific onshore and shallow water assets. Marking a significant step forward in Nigeria's oil and gas sector, Seplat Energy's acquisition of Mobile Producing Nigeria Unlimited in 2024 saw the company gain a 40% interest in four oil mining leases and associated infrastructure, including the Qua Iboe oil terminal. Additionally, Seplat Energy assumed at 51% stake in the Bonny River natural gas liquids recovery plant. These strategic additions are expected to significantly enhance Seplat Energy's production capacity and operational capabilities, solidifying its role as a major player in Nigeria's upstream sector. In Q1, 2025, Seplat Energy reported a 350% year-on-year revenue increase to $809.3 million, fueled by higher hydrocarbon volumes and robust gas sales. The company is currently producing over 131,000 barrels of oil equivalent per day and has maintained over 11 million man-hours without a lost-time injury, demonstrating its operational excellence and safety culture. Seplat Energy's financial strength and strategic positioning have also enabled generous shareholder returns, including a 28% dividend increase for Q1, 2025. As Nigeria pursues a future powered by natural gas and homegrown innovation, Brown's participation at AEW: Invest in African Energies 2025 is expected to showcase emerging opportunities for independence energy companies in West Africa. During the event, Brown is expected to explore how the country is leveraging its vast reserves – over 200 trillion cubic feet – to secure energy for its population and position itself as a gas powerhouse in Africa. 'Seplat Energy's expansion of its gas portfolio, infrastructure investments and acquisition strategy serve as a blueprint for sustainable, inclusive growth, The company's aggressive investment and development strategy is expected to unlock significant value for Nigeria, as the country seeks to unlock the true potential of its oil and gas reserves,' states Tomás Gerbasio, VP Commercial and Strategic Engagement, African Energy Chamber. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Distributed by APO Group on behalf of African Energy Chamber.
Bloomberg
06-05-2025
- Business
- Bloomberg
Nigeria LNG Plant May See Gas Supplies Climb 12% on Seplat Deal
Africa's biggest liquefied natural gas plant, whose operations have been hobbled by fuel theft, is set to see gas supplies jump once a deal with Seplat Energy goes into effect, an executive said. Under the terms of a preliminary agreement, Seplat will send more than 150,000 tons of gas a month to the Nigeria LNG Ltd. plant, said Effiong Okon, who heads a Seplat subsidiary that operates a key gas project north of the facility. That's more than 12% higher than last year's monthly average.
Yahoo
03-05-2025
- Business
- Yahoo
Four Days Left Until Seplat Energy Plc (LON:SEPL) Trades Ex-Dividend
Seplat Energy Plc (LON:SEPL) is about to trade ex-dividend in the next 4 days. The ex-dividend date is usually set to be two business days before the record date, which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Meaning, you will need to purchase Seplat Energy's shares before the 8th of May to receive the dividend, which will be paid on the 23rd of May. The company's upcoming dividend is US$0.069 a share, following on from the last 12 months, when the company distributed a total of US$0.18 per share to shareholders. Calculating the last year's worth of payments shows that Seplat Energy has a trailing yield of 7.9% on the current share price of UK£2.06. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to check whether the dividend payments are covered, and if earnings are growing. We've discovered 2 warning signs about Seplat Energy. View them for free. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Seplat Energy paid out more than half (50%) of its earnings last year, which is a regular payout ratio for most companies. Yet cash flow is typically more important than profit for assessing dividend sustainability, so we should always check if the company generated enough cash to afford its dividend. Fortunately, it paid out only 29% of its free cash flow in the past year. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. See our latest analysis for Seplat Energy Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Companies with falling earnings are riskier for dividend shareholders. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. Seplat Energy's earnings per share have fallen at approximately 8.8% a year over the previous five years. When earnings per share fall, the maximum amount of dividends that can be paid also falls. The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Since the start of our data, 10 years ago, Seplat Energy has lifted its dividend by approximately 6.1% a year on average. Growing the dividend payout ratio while earnings are declining can deliver nice returns for a while, but it's always worth checking for when the company can't increase the payout ratio any more - because then the music stops. From a dividend perspective, should investors buy or avoid Seplat Energy? We're not enthused by the declining earnings per share, although at least the company's payout ratio is within a reasonable range, meaning it may not be at imminent risk of a dividend cut. While it does have some good things going for it, we're a bit ambivalent and it would take more to convince us of Seplat Energy's dividend merits. However if you're still interested in Seplat Energy as a potential investment, you should definitely consider some of the risks involved with Seplat Energy. For instance, we've identified 2 warning signs for Seplat Energy (1 is concerning) you should be aware of. A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
30-04-2025
- Business
- Yahoo
Seplat Energy First Quarter 2025 Earnings: EPS: US$0.034 (vs US$0.002 in 1Q 2024)
Revenue: US$809.3m (up 350% from 1Q 2024). Net income: US$20.2m (up by US$19.2m from 1Q 2024). Profit margin: 2.5% (up from 0.6% in 1Q 2024). The increase in margin was driven by higher revenue. EPS: US$0.034 (up from US$0.002 in 1Q 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Performance of the British Oil and Gas industry. The company's shares are up 5.5% from a week ago. We should say that we've discovered 2 warning signs for Seplat Energy (1 can't be ignored!) that you should be aware of before investing here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Zawya
18-03-2025
- Business
- Zawya
Seplat's yield helps convince investors: IFR
Nigerian oil and gas company Seplat Energy squeezed pricing on a US$650m five-year non-call two bond issue on Thursday to nearly 30bp inside the sovereign's curve as investors overlooked the possible pitfalls of a recent acquisition to earn the carry on a trade that was part of a liability management exercise. The bonds were priced at par to yield 9.125%, at the tight end of IPTs of low to mid 9s. That final level was about 30bp inside where Nigeria's US$1.25bn 7.143% February 2030s were trading around the time of pricing. The sovereign's bonds had sold off during the course of the day, following further broader market volatility thanks to more tariff threats from US president Donald Trump, having opened around the 9.2% mark. The coupon on the new bond issue was much more attractive to investors than on the outstanding Seplat notes that were subject to a buyback as part of the transaction. Proceeds from the issuance will go towards an any-and-all tender offer for the company's US$650m of 7.75% senior unsecured notes due April 2026. "The tender was a nice technical," said a lead banker. The bond offering was Seplat's first since completing the US$800m acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil in December. While that deal helps Seplat (B/B–) diversify offshore and will lead to bigger production volumes and reserves, the company's cost structure will increase, with significant capex needs. Moreover, the company's outlook is clouded by which tax regime the MPNU assets will fall under – whether that is Nigeria's Petroleum Profits Tax regime, under which there's an 85% tax on chargeable profit, or whether they will be transferred to the more attractive Petroleum Industry Act tax regime, where the rate is 60%. "There's no clear picture on the potential conversion of licences from PPT to PIA, with management saying discussions for onshore started in 2022 and [are] only now reaching approval stage ... and only now starting discussions on offshore," said an EM credit analyst after the mandate was announced. If the offshore conversion is potentially still a few years away then that would have an impact on the company's free cashflow, he said. The conversion is "quite crucial to improving the free cashflow profile of the acquired assets via building a tax shield", he said. It was an issue brought up by investors during the roadshow, said the lead, and there was a realisation that, as Exxon hadn't recently invested in the assets, "capex will be high". However, he thought that Seplat was in a position to cope, saying: "Their leverage is low and the free cashflow generation of the business is high. The cashflows will be able to absorb the higher capex." The uncertainty over which fiscal regime the assets will ultimately fall under were, though, reflected in the pricing. Ideally, Seplat hoped that investors would use Angola's Azule Energy, which printed in mid-January at 8.125% a US$1.2bn five-year non-call two bond issue, which is still bid around reoffer, as their main reference point. "We tried to comp to Azule," said the banker. "It was a recent trade, decent size, fairly liquid." However, Azule's assets are all offshore, which is why it trades more than 250bp inside the Angola sovereign, while the fiscal regime in the Southern African nation is much more favourable to business interests. Seplat, in contrast, still has sizeable onshore assets, so while the company is "low levered and operated well, [it] is still highly exposed to Nigeria risk", said the EM analyst. He therefore thought the Nigeria sovereign was the best comparison. Another potential reference point was Kosmos Energy, though less so than Nigeria and Azule with its asset base offshore Ghana, Equatorial Guinea, and Gulf of Mexico. "Seplat has a bigger reserve base, higher reserve life, and stronger credit metrics," said Fitch analysts in the run-up to the deal. However, "these strengths are offset by Kosmos's more diversified asset base and more stable operating environment compared with Seplat's high exposure and concentration on areas characterised by geopolitical and security risk."
