1. Norway Stocks

  2. •

    Energy minerals

  3. •

    Oil & gas production
PetroNor E&P ASA

PetroNor E&P ASA

12.24
NOK
-0.02
(-0.16%)
3.16EPS
4.17P/E
1.50BMarket Cap
Nov 20Next Earn
PetroNor E&P ASA
OSL:PNOR
(Euronext Oslo)

Recent

price

12.24

P/E

ratio

4.17

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
USD
0.76
0.77
0.51
0.8
1.06
1.32
1.44
0.58
1.54
Revenue per Share
0.06
-0.1
-0.01
0.09
0.2
0.48
0.24
0.05
0.26
Basic EPS, GAAP
-0.04
0.23
-0.08
-0.01
-0.02
0.07
0.33
0.29
0.59
Free Cash Flow per Basic Share
- -
0.09
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.1
0.05
0.06
0.45
0.69
1.17
1.38
1.04
0.94
Book Value per Share
0.06
0.01
0.01
0.39
0.39
1.11
1.32
1.03
0.83
Tangible Book Value per Share
133
133
133
133
137
142
142
142
142
Basic Weighted Avg Shares
101
103
68
106
146
187
205
83
219
Sales/Revenue/Turnover
49.37
30.85
37.82
53.86
58.15
55.79
42.07
50.88
43
Operating Margin (%)
3
3
5
5
9
17
20
22
23
Depreciation Expense
8
-13
-1
12
27
68
34
7
36
Net Income, GAAP
64.6
123.87
70.01
61.02
59.71
39.48
47.78
72.73
52.3
Effective Tax Rate (%)
7.76
-13.01
-2.17
11.57
18.51
36.21
16.45
8.77
16.65
Profit Margin (%)
24
8
1
9
18
70
117
71
44
Working Capital
2
- -
15
- -
6
- -
- -
- -
- -
LT Debt
27
21
22
66
110
187
221
168
151
Total Equity
- -
-31.81
19.84
37.03
34.11
39.76
21.33
5.87
28.16
Return on Invested Capital (%)
- -
-62.96
-25
7.76
20.93
37.41
13.09
1.87
17.36
Return on Capital (%)
- -
-131.55
-20.27
36.63
34.46
51.39
18.55
4.24
25.98
Return on Common Equity (%)

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
142
142
142
Market Capitalization
150
199
152

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
82
70
100
Cash, Cash Equivalents & STI
59
44
85
Accounts Receivable, Net
- -
- -
- -
Inventories
15
25
14
Total Current Liabilities
11
15
56
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
65.31%
-23.84%
Free Cash Flow
- -
34.14%
-12.54%
Net Income, GAAP
- -
-160%
-78.32%
Sales/Revenue/Turnover
- -
14.58%
-59.36%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
44
66
15
79
205
2025
14
14
11
44
83
2026
12
151
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.09
- -
0.06
0.24
2025
0.01
0.04
-0.02
0.02
0.05
2026
-0.02
0.27
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
PetroNor E&P ASA is a Norway-based independent oil and gas exploration and production company focused on Sub-Saharan Africa, primarily holding interests in producing assets offshore the Republic of Congo, development opportunities in Nigeria and exploration licenses in The Gambia; the company operates through subsidiaries including Hemla E&P Congo SA for its 16.83% indirect working interest in the PNGF Sud offshore production licenses (Tchibouela II, Tchendo II and Tchibeli-Litanzi II covering six oil fields with gross production of approximately 28,000 barrels of oil per day), 22.7% indirect interest in the adjacent PNGF Bis license, 20.2% indirect economic interest in the Aje field within Nigeria's OML 113 license (with plans for re-development targeting 25,000 barrels of oil equivalent per day including 500 BCF gas, 17 million barrels condensate, 33 million barrels LPG/propane and over 10 million barrels oil via FPSO, drilling and pipeline infrastructure), and 90% interest in The Gambia A4 exploration license containing high-impact prospects analogous to nearby discoveries. Listed on Oslo Børs under ticker PNOR.OL and headquartered at Frøyas gate 13 in Oslo since its establishment, PetroNor generates revenue from crude oil sales, tax oil assignments and royalties from Congo production (net working interest averaging 4,100-4,700 barrels of oil per day in 2025 with 2P reserves of 17 million barrels of oil equivalent and 2C contingent resources of 35.2 million barrels of oil equivalent as of January 2025), while pursuing growth through licence acquisitions, infill drilling (including a completed five-well campaign at Tchibouela East adding new production in Q4 2025) and operational efficiencies achieving 91% production uptime. Recent developments include Nigerian regulatory approval for acquiring additional 32.1% economic and voting interest in OML 113 from New Age (African Global Energy) Limited with completion expected in Q4 2025 to consolidate partnership control at 52.2% and advance 3D reservoir modeling for Aje re-development; capital returns to shareholders totaling NOK 4.2 per share in January and May 2025 as repayments from 2023-2024 profits; record Q4 2024 oil sales followed by a 540,000-barrel lifting in November 2025 generating approximately USD 33 million; and ongoing discussions for A4 license extension in The Gambia alongside a possible follow-on well in Guinea-Bissau by 2027.