Seplat Energy’s 9M pre-tax profit rises 52.75% to N1.34 trillion, declares dividend.
AI Executive Briefing
Gemini Flash AI~45s readSeplat Energy Plc achieved significant financial growth in the first nine months of 2026, reporting a pre-tax profit of N1.34 trillion. This performance was bolstered by robust crude oil prices and operational efficiencies, leading the board to declare a third-quarter dividend of $0.19 per share.
Context & Background
- ✦The company is executing a 5-year growth plan and has successfully reduced its net debt-to-EBITDA ratio to 0.14 times.
- ✦The financial results reflect the impact of global commodity price fluctuations and the company's strategic focus on both onshore and offshore production assets.
Key Figures & Named Entities
•Effiong Okon, CEO, stated the company is on track to meet the upper half of its full-year production guidance.•Profit after tax rose by 142.47% to N355.55 billion, while revenue reached N3.78 trillion.
Outlook & Next Steps
The company plans to continue its growth trajectory through operational excellence, specifically focusing on bringing offshore gas production back online and fulfilling its commitment to return a second $1.0 billion to shareholders.
Key Takeaways
AI Summary- Seplat Energy reported a 52.75% increase in 9M 2026 pre-tax profit to N1.34 trillion, driven by higher crude oil prices and increased production volumes.
- The company declared a third-quarter dividend of $0.19 per share, bringing total year-to-date distributions to 40 US cents per share.
- Operational performance was mixed, with a 7% rise in average daily working interest production, despite offshore challenges including the delayed restart of the Yoho platform.
Key Facts:27 October 2026: The company fully repaid the outstanding balance on its acquisition financing facility for the MPNU acquisition.12 November 2026: The qualification date for the declared third-quarter dividend is set for shareholders.13 November 2026: The register of shareholders for the dividend payment will be closed.
Editorial Excerpt
Seplat Energy Plc reported a pre-tax profit of N1.34 trillion in its unaudited financial results for the nine months ended 30 September 2026, representing an increase of 52.75% from N878.99 billion recorded in the corresponding period of 2025.
Frequently Asked Questions About This Story
What were the primary drivers of Seplat Energy's revenue growth in the first nine months of 2026?
Revenue growth of 12.51% was primarily driven by stronger crude oil prices and increased production volumes, alongside improved contributions from gas and natural gas liquids.
How much has Seplat Energy's share price increased year-to-date?
The stock has gained 175% year-to-date, moving from an opening price of N5,809 to N16,000.10 as of 28 October 2026.
