Corral Petroleum Holdings AB - Release of Report for Q3 2018
STOCKHOLM, Nov. 26, 2018 /PRNewswire/ --
This report includes unaudited consolidated financial information of Corral Petroleum Holdings AB (publ) ("Corral Petroleum Holdings") and its consolidated subsidiaries, for the third quarter of 2018 and for the comparative periods in 2017 and for the other periods indicated. Note that due to the rounding of figures in the tables to the nearest SEK million (MSEK), the sum is not always exactly equal to the sum of all components.
Financial Highlights ? Third Quarter 2018
Sales revenue for the third quarter of 2018 amounted to 26,369 MSEK compared to 16,325 MSEK in the third quarter of 2017.
EBITDA (1) for the third quarter of 2018 amounted to 2,202 MSEK compared to 1,544 MSEK in the third quarter of 2017.
Adjusted EBITDA (1) for the third quarter of 2018 amounted to 1,396 MSEK compared to 1,428 MSEK in the third quarter of 2017.
Operating profit for the third quarter of 2018 amounted to 1,941 MSEK compared to an operating profit of 1,297 MSEK in the third quarter of 2017.
Net profit for the third quarter of 2018 amounted to 1,369 MSEK compared to a net profit of 971 MSEK in the third quarter of 2017.
Cash flow from operating activities for the third quarter of 2018 amounted to 1,840 MSEK compared to cash flow from operating activities of 482 MSEK in the third quarter of 2017.
Weighted refining margin for the third quarter of 2018 was 5.98 $/bbl compared to 6.85 $/bbl in the third quarter of 2017.
(1) For a reconciliation of our operating profit to EBITDA and EBITDA to Adjusted EBITDA, please see the financial statements section on page 15.
An international conference call for investors and analysts will be held on November 28, 2018 at 3:00 pm CET.
The dial-in number is:
Standard International Access +44(0)20-3003-2666
Stockholm +46(0)8-50520424
New York +1-646-843-4608
Washington DC Local number +1-202-204-1514
The meeting code is Corral Q3.
The report for Q4 2018 will be released March 14, 2019.
For further information, please contact: Magdalena Patrón Investor Relations Manager Tel: + 46(0)10-450-10-00 Email: [email protected]
Credit Facility Update
Highwood Asset Management Ltd. ("Highwood" or the "Company") is pleased to announce that the annual borrowing base redetermination of the Company's credit facility has been completed. As a result of its successful drilling...
The board of directors of ONE Gas, Inc. has appointed Yves C. Siegel, CFA, and Sanjay D. Meshri to its board, effective July 2, 2024, bringing the total number of members to nine. ...
As nations globally move to reduce carbon emissions and shift to non-emitting forms of energy, investing in advanced technologies will help ensure Canada remains a global energy leader. Through and beyond the energy transition that is already well...
Laredo Oil, Inc. ("Laredo Oil") , announces that Hell Creek Crude, LLC, a wholly-owned subsidiary of Laredo Oil ("HCC"), has reached total drilling depth and encountered oil shows in three zones of the Reddig 11-21 well in the Midfork field located...
Cathedral Energy Services Ltd. ("Cathedral" or the "Company") announces that, further to its press release dated June 27, 2024, the Company's common shares are expected to continue to trade on the TSX on an unconsolidated basis under the Cathedral...