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Tethys Oil Q3: EBITDA in-line, guidance trimmed - ABG

Q3 EBITDA of 15.2m, in line with ABGSCe of USD 15.3m
Small downward revisions to guidance
Q3 much as expected, all share offer likely to be accepted


Q3 EBITDA 15.2m, in line with ABGSCe of USD 15.3m

Tethys Oil reports Q3'24 working interest production of 7.7kboe/d, in line with expectations. Note that Tethys already has preannounced production and lifted volumes ahead of today's report. Q3 revenues of USD 30.8m is in line with ABGSCe of USD 30.8m. EBITDA in the quarter came in at USD 15.2m, in line with ABGSCe of USD 15.3m. FCF in Q3 was slightly below and amounted to USD -8.8m (SEK -2.9/sh), vs ABGSCe of USD -6.6m (SEK -2.2/sh) due to slightly higher than estimated capex. There are no available consensus estimates that are updated ahead of the quarter. In sum, we evaluate the Q3 numbers to be in line with our expectations. See more details in the deviation table below.
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