VARRY
Vår Energi ASA
Price Chart
Latest Quote
$10.15
-0.60 (-5.58%)
Current Price
| Previous Close | $10.75 |
| Open | $9.95 |
| Day High | $9.95 |
| Day Low | $9.56 |
| Volume | 16,000 |
Stock Information
| Quarterly Dividend / Yield | $0.97 / 9.58% |
| Shares Outstanding | 1.25B |
| Quarterly Dividend Yield | 9.58% |
| Quarterly Dividend | $0.97 |
| Total Debt | $6.12B |
| Cash Equivalents | $696.10M |
| Revenue | $8.79B |
| Net Income | $699.10M |
| Sector | Energy |
| Industry | Oil & Gas E&P |
| Market Cap | $12.67B |
| P/E Ratio | 18.80 |
| EPS (TTM) | $0.54 |
| Exchange | PNK |
📊 Comprehensive Analysis
Company Data
| Enterprise Value | $30.76B |
| Sales | $8.79B |
| Income | $699.10M |
| Book/sh | $-0.10 |
| Cash/sh | $0.56 |
| Employees | 1K |
Financial Ratios
| Quick Ratio | 0.38 |
| Current Ratio | 0.63 |
| Debt/Eq | 1081.59 |
| EPS Growth TTM | -17.50% |
Returns & Margins
| ROA | 11.11% |
| ROE | 97.45% |
| Gross Margin | 86.72% |
| Operating Margin | 48.95% |
| Profit Margin | 8.73% |
Ownership
| Insider & Institutional transactions data not available |
Valuation Ratios
| P/S | 1.44 |
| P/B | -105.73 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $nan |
| SMA50 | $nan |
| SMA200 | $nan |
| RSI | 48.58 |
| ATR | nan |
| Shares Float | 903.82M |
| Volatility | -0.50 |
Performance History
| Week | nan% |
| Month | nan% |
| Quarter | nan% |
| 6 Months | nan% |
| YTD | nan% |
| Year | nan% |
| 3 Years | nan% |
| 10 Years | nan% |
Stock Score:
⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-04 | $nan | 0 |
| 2026-06-03 | $9.91 | 933 |
| 2026-06-02 | $10.49 | 181 |
| 2026-06-01 | $9.76 | 1,365 |
| 2026-05-29 | $10.25 | 7,698 |
| 2026-05-28 | $9.37 | 3,962 |
| 2026-05-27 | $10.05 | 436 |
| 2026-05-26 | $10.05 | 4,362 |
| 2026-05-22 | $10.05 | 703 |
| 2026-05-21 | $10.15 | 941 |
| 2026-05-20 | $10.49 | 661 |
| 2026-05-19 | $10.25 | 1,605 |
| 2026-05-18 | $9.76 | 305 |
| 2026-05-15 | $9.91 | 11,087 |
| 2026-05-14 | $10.04 | 5,910 |
| 2026-05-13 | $10.01 | 482 |
| 2026-05-12 | $9.76 | 0 |
| 2026-05-11 | $9.76 | 2,308 |
| 2026-05-08 | $10.25 | 1,059 |
| 2026-05-07 | $9.76 | 3,618 |
| 2026-05-06 | $9.27 | 181 |
| 2026-05-05 | $9.71 | 0 |
| 2026-05-04 | $9.71 | 3,291 |
About Vår Energi ASA
Vår Energi ASA operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway. The company produces crude oil and natural gas liquids. It also engages in the production, development, and exploration assets on the Norwegian Continental Shelf (NCS). The company was formerly known as Eni Norge AS and changed its name to Vår Energi AS in December 2018. The company was incorporated in 1965 and is headquartered in Sandnes, Norway. Vår Energi ASA is a subsidiary of Eni International B.V.
📰 Latest News
Here is Why Transocean (RIG) is One of the Most Active US Stocks to Buy
Insider Monkey • 2026-04-30T12:47:50Z
A Look At Vår Energi (OB:VAR) Valuation After Strong Recent Share Price Momentum
Simply Wall St. • 2026-04-28T20:04:51Z
Var Energi ASA (VARRY) Q1 2026 Earnings Call Highlights: Record Production and Strong Financial ...
GuruFocus.com • 2026-04-23T07:01:32ZNorway Emerges as Winner in a War-Shaken Market
The Wall Street Journal • 2026-04-09T13:30:02Z
Transocean Awarded $1 Billion in New, Extended Contracts; Retires 8.375% Notes due 2028
MT Newswires • 2026-04-02T10:52:15ZEquinor Expands Barents Sea Potential With New Oil Discovery
Zacks • 2026-03-20T18:47:00Z
Equinor Announces New Oil Discovery in Arctic Norway
Insider Monkey • 2026-03-19T23:00:28Z
Norway’s Equinor Makes Oil Discovery Near Huge Arctic Field
Oilprice.com • 2026-03-18T10:30:00Z
Sector Update: Energy Stocks Fall Premarket Monday
MT Newswires • 2026-02-02T14:29:26ZVar Energi Raises Estimates for New Barents Sea Oil Discovery
Rigzone.com • 2026-01-19T16:46:45Z
Period:
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Income Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $3,318,801,000 | $2,560,277,000 | $2,591,106,000 | $2,845,582,000 |
| Cost Of Revenue | $3,318,801,000 | $2,560,277,000 | $2,591,106,000 | $2,845,582,000 |
| Total Revenue | $7,372,336,000 | $6,815,966,000 | $9,780,543,000 | $6,043,375,000 |
| Operating Revenue | $7,372,336,000 | $6,815,966,000 | $9,780,543,000 | $6,043,375,000 |
| Expenses | ||||
| Interest Expense | $-4,053,000 | $4,341,000 | $8,094,000 | $102,247,000 |
| Total Expenses | $3,754,339,000 | $2,875,439,000 | $2,848,346,000 | $3,080,811,000 |
| Net Non Operating Interest Income Expense | $4,409,000 | $-11,740,000 | $-21,647,000 | $-174,755,000 |
| Total Other Finance Cost | $24,673,000 | $18,717,000 | $23,049,000 | $72,508,000 |
| Interest Expense Non Operating | $-4,053,000 | $4,341,000 | $8,094,000 | $102,247,000 |
| Operating Expense | $435,538,000 | $315,162,000 | $257,240,000 | $235,229,000 |
| Other Operating Expenses | $395,984,000 | $269,837,000 | $246,162,000 | $203,672,000 |
| General And Administrative Expense | $35,335,000 | $28,771,000 | $26,331,000 | $26,499,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $327,108,000 | $610,229,000 | $936,402,000 | $654,356,000 |
| Net Interest Income | $4,409,000 | $-11,740,000 | $-21,647,000 | $-174,755,000 |
| Interest Income | $25,029,000 | $11,318,000 | $9,496,000 | $13,090,000 |
| Normalized Income | $279,405,540 | $1,019,849,120 | $1,449,347,160 | $653,381,000 |
| Net Income From Continuing And Discontinued Operation | $327,108,000 | $610,229,000 | $936,402,000 | $654,356,000 |
| Total Operating Income As Reported | $3,790,450,000 | $3,516,545,000 | $6,368,820,000 | $3,058,546,000 |
| Net Income Common Stockholders | $311,508,000 | $610,229,000 | $936,402,000 | $654,356,000 |
| Net Income | $327,108,000 | $610,229,000 | $936,402,000 | $654,356,000 |
| Net Income Including Noncontrolling Interests | $327,108,000 | $610,229,000 | $936,402,000 | $654,356,000 |
| Net Income Continuous Operations | $327,108,000 | $610,229,000 | $936,402,000 | $654,356,000 |
| Pretax Income | $3,313,119,000 | $3,356,933,000 | $5,855,891,000 | $2,646,687,000 |
| Special Income Charges | $56,789,000 | $-522,746,000 | $-657,622,000 | $1,250,000 |
| Interest Income Non Operating | $25,029,000 | $11,318,000 | $9,496,000 | $13,090,000 |
| Operating Income | $3,617,997,000 | $3,940,527,000 | $6,932,197,000 | $2,962,564,000 |
| Gross Profit | $4,053,535,000 | $4,255,689,000 | $7,189,437,000 | $3,197,793,000 |
| Per Share | ||||
| Diluted EPS | $0.25 | $0.48 | $0.76 | $0.52 |
| Basic EPS | $0.25 | $0.48 | $0.76 | $0.52 |
| Other | ||||
| Tax Effect Of Unusual Items | $13,454,540 | $-115,533,880 | $-144,676,840 | $275,000 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $5,163,764,000 | $5,309,026,000 | $7,969,573,000 | $4,452,245,000 |
| Total Unusual Items | $61,157,000 | $-525,154,000 | $-657,622,000 | $1,250,000 |
| Total Unusual Items Excluding Goodwill | $61,157,000 | $-525,154,000 | $-657,622,000 | $1,250,000 |
| Reconciled Depreciation | $1,915,855,000 | $1,422,598,000 | $1,447,966,000 | $1,704,561,000 |
| EBITDA (Bullshit earnings) | $5,224,921,000 | $4,783,872,000 | $7,311,951,000 | $4,453,495,000 |
| EBIT | $3,309,066,000 | $3,361,274,000 | $5,863,985,000 | $2,748,934,000 |
| Diluted Average Shares | $1,248,000,000 | $1,248,000,000 | $1,248,203,000 | $1,248,203,123 |
| Basic Average Shares | $1,248,000,000 | $1,248,000,000 | $1,248,203,000 | $1,248,203,123 |
| Diluted NI Availto Com Stockholders | $311,508,000 | $610,229,000 | $936,402,000 | $654,356,000 |
| Otherunder Preferred Stock Dividend | $15,600,000 | $0 | $0 | $0 |
| Preferred Stock Dividends | $0 | $0 | - | - |
| Tax Provision | $2,986,011,000 | $2,746,704,000 | $4,919,489,000 | $1,992,331,000 |
| Other Special Charges | $-43,257,000 | $-15,325,000 | $-300,000 | $-2,232,000 |
| Impairment Of Capital Assets | $3,819,000 | $526,427,000 | $657,922,000 | $982,000 |
| Restructuring And Mergern Acquisition | $-17,351,000 | $11,644,000 | $0 | $0 |
| Research And Development | $38,682,000 | $34,980,000 | $31,535,000 | $32,183,000 |
| Selling General And Administration | $35,335,000 | $28,771,000 | $26,331,000 | $26,499,000 |
Fetched: 2026-02-02
Balance Sheet (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $-2,397,215,000 | $-273,510,000 | $-631,457,000 | $-1,120,589,000 |
| Total Assets | $21,868,164,000 | $19,289,199,000 | $18,797,288,000 | $19,799,056,000 |
| Total Non Current Assets | $20,601,319,000 | $17,630,416,000 | $17,077,268,000 | $18,326,409,000 |
| Other Non Current Assets | $11,685,000 | $747,000 | $531,000 | $1,808,000 |
| Financial Assets | $19,117,000 | $0 | - | - |
| Investmentin Financial Assets | $662,000 | $739,000 | $763,000 | $853,000 |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | $662,000 | $739,000 | - | - |
| Goodwill And Other Intangible Assets | $3,229,724,000 | $2,041,538,000 | $2,113,028,000 | $2,636,418,000 |
| Other Intangible Assets | $241,886,000 | $83,060,000 | $93,515,000 | $104,520,000 |
| Current Assets | $1,266,845,000 | $1,658,783,000 | $1,720,020,000 | $1,472,647,000 |
| Other Current Assets | $-2,000 | $-1,000 | $-1,000 | $1,000 |
| Hedging Assets Current | $17,211,000 | $10,974,000 | $14,805,000 | $17,407,000 |
| Restricted Cash | $12,298,000 | $10,188,000 | $9,914,000 | $9,454,000 |
| Prepaid Assets | $16,767,000 | $53,437,000 | $30,672,000 | $8,305,000 |
| Inventory | $241,353,000 | $251,503,000 | $265,811,000 | $301,329,000 |
| Other Receivables | $339,416,000 | $245,060,000 | $167,809,000 | $176,097,000 |
| Accounts Receivable | $373,219,000 | $362,895,000 | $796,317,000 | $745,921,000 |
| Allowance For Doubtful Accounts Receivable | $-257,391,000 | $-290,756,000 | $-64,802,000 | $-91,540,000 |
| Gross Accounts Receivable | $630,609,000 | $653,650,000 | $861,119,000 | $837,461,000 |
| Cash Cash Equivalents And Short Term Investments | $266,583,000 | $724,726,000 | $434,693,000 | $214,133,000 |
| Cash And Cash Equivalents | $266,583,000 | $724,726,000 | $434,693,000 | $214,133,000 |
| Cash Equivalents | $266,583,000 | $724,726,000 | $434,693,000 | $214,133,000 |
| Taxes Receivable | - | - | - | $0 |
| Debt | ||||
| Net Debt | $4,815,590,000 | $2,421,855,000 | $2,517,896,000 | $4,279,293,000 |
| Total Debt | $5,294,027,000 | $3,263,509,000 | $3,165,235,000 | $4,818,514,000 |
| Long Term Debt And Capital Lease Obligation | $5,223,627,000 | $3,164,244,000 | $2,565,923,000 | $4,709,634,000 |
| Long Term Debt | $5,082,173,000 | $3,146,581,000 | $2,452,589,000 | $4,493,426,000 |
| Current Debt And Capital Lease Obligation | $70,400,000 | $99,265,000 | $599,312,000 | $108,880,000 |
| Current Debt | - | $0 | $500,000,000 | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $21,035,655,000 | $17,521,171,000 | $17,315,717,000 | $18,283,227,000 |
| Total Non Current Liabilities Net Minority Interest | $19,138,809,000 | $15,397,078,000 | $14,006,563,000 | $16,061,819,000 |
| Other Non Current Liabilities | $28,796,000 | $-1,000 | $156,543,000 | $78,185,000 |
| Non Current Deferred Taxes Liabilities | $10,500,944,000 | $8,943,019,000 | $8,127,971,000 | $7,953,676,000 |
| Current Liabilities | $1,896,846,000 | $2,124,093,000 | $3,309,154,000 | $2,221,408,000 |
| Other Current Liabilities | $162,455,000 | $146,697,000 | $37,961,000 | $374,326,000 |
| Payables | $1,526,878,000 | $1,760,942,000 | $2,575,726,000 | $1,637,327,000 |
| Other Payable | $489,121,000 | $467,577,000 | $428,915,000 | $413,740,000 |
| Total Tax Payable | $681,664,000 | $964,414,000 | $1,778,222,000 | $801,432,000 |
| Accounts Payable | $356,093,000 | $328,951,000 | $368,589,000 | $422,155,000 |
| Equity | ||||
| Common Stock Equity | $832,509,000 | $1,768,028,000 | $1,481,571,000 | $1,515,829,000 |
| Total Equity Gross Minority Interest | $832,509,000 | $1,768,028,000 | $1,481,571,000 | $1,515,829,000 |
| Stockholders Equity | $832,509,000 | $1,768,028,000 | $1,481,571,000 | $1,515,829,000 |
| Other Equity Interest | $786,537,000 | $963,875,000 | $-432,582,000 | $-1,173,324,000 |
| Other | ||||
| Ordinary Shares Number | $2,496,406,250 | $2,496,406,250 | $2,496,406,250 | $2,496,406,246 |
| Share Issued | $2,496,406,250 | $2,496,406,250 | $2,496,406,250 | $2,496,406,246 |
| Tangible Book Value | $-2,397,215,000 | $-273,510,000 | $-631,457,000 | $-1,120,589,000 |
| Invested Capital | $5,914,682,000 | $4,914,609,000 | $4,434,160,000 | $6,009,255,000 |
| Working Capital | $-630,001,000 | $-465,310,000 | $-1,589,134,000 | $-748,761,000 |
| Capital Lease Obligations | $211,854,000 | $116,928,000 | $212,646,000 | $325,088,000 |
| Total Capitalization | $5,914,682,000 | $4,914,609,000 | $3,934,160,000 | $6,009,255,000 |
| Additional Paid In Capital | $0 | $758,181,000 | $1,868,181,000 | $2,643,181,000 |
| Capital Stock | $45,972,000 | $45,972,000 | $45,972,000 | $45,972,000 |
| Common Stock | $45,972,000 | $45,972,000 | $45,972,000 | $45,972,000 |
| Non Current Pension And Other Postretirement Benefit Plans | $15,461,000 | $0 | - | - |
| Non Current Deferred Revenue | $7,483,000 | $8,536,000 | $9,259,000 | $10,852,000 |
| Long Term Capital Lease Obligation | $141,454,000 | $17,663,000 | $113,334,000 | $216,208,000 |
| Long Term Provisions | $3,362,498,000 | $3,281,280,000 | $3,156,126,000 | $3,309,472,000 |
| Current Capital Lease Obligation | $70,400,000 | $99,265,000 | $99,312,000 | $108,880,000 |
| Current Provisions | $105,190,000 | $87,385,000 | $60,012,000 | $61,536,000 |
| Available For Sale Securities | $662,000 | $739,000 | $763,000 | $853,000 |
| Goodwill | $2,987,838,000 | $1,958,478,000 | $2,019,513,000 | $2,531,898,000 |
| Net PPE | $17,340,131,000 | $15,587,392,000 | $14,962,946,000 | $15,687,330,000 |
| Accumulated Depreciation | $-8,065,378,000 | $-7,780,547,000 | $-6,020,920,000 | $-4,676,566,000 |
| Gross PPE | $25,405,509,000 | $23,367,939,000 | $20,983,866,000 | $20,363,896,000 |
| Construction In Progress | $7,445,644,000 | $6,310,238,000 | $6,307,507,000 | $5,113,429,000 |
| Other Properties | $114,111,000 | $86,934,000 | $53,587,000 | $39,350,000 |
| Machinery Furniture Equipment | $17,348,713,000 | $16,615,715,000 | $14,315,598,000 | $14,921,760,000 |
| Buildings And Improvements | $92,175,000 | $78,548,000 | $81,887,000 | $89,376,000 |
| Properties | $404,866,000 | $276,504,000 | $225,287,000 | $199,981,000 |
| Inventories Adjustments Allowances | $-22,064,000 | $-24,538,000 | $0 | - |
| Other Inventories | $221,932,000 | $223,660,000 | $223,530,000 | - |
| Finished Goods | $41,485,000 | $52,381,000 | $42,281,000 | $42,603,000 |
| Pensionand Other Post Retirement Benefit Plans Current | - | - | $50,748,000 | $5,314,000 |
| Raw Materials | - | - | $223,529,000 | $258,726,000 |
Fetched: 2026-02-02
Cash Flow Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $466,690,000 | $738,552,000 | $3,018,412,000 | $1,924,573,000 |
| Operating Activities | ||||
| Operating Cash Flow | $3,407,907,000 | $3,420,273,000 | $5,681,877,000 | $4,579,902,000 |
| Investing Activities | ||||
| Capital Expenditure | $-2,941,217,000 | $-2,681,721,000 | $-2,663,465,000 | $-2,655,329,000 |
| Investing Cash Flow | $-4,244,059,000 | $-2,668,118,000 | $-2,663,165,000 | $-2,633,140,000 |
| Net Other Investing Changes | $90,752,000 | $13,603,000 | $300,000 | $24,397,000 |
| Capital Expenditure Reported | $-2,874,423,000 | $-2,527,926,000 | $-2,593,147,000 | $-2,480,298,000 |
| Financing Activities | ||||
| Financing Cash Flow | $448,200,000 | $-459,302,000 | $-2,903,227,000 | $-1,976,218,000 |
| Net Other Financing Charges | $-15,600,000 | $808,169,000 | - | - |
| Cash Dividends Paid | $-1,080,000,000 | $-1,110,000,000 | $-775,000,000 | $-950,000,000 |
| Common Stock Dividend Paid | - | $-1,110,000,000 | $-775,000,000 | $-950,000,000 |
| Other | ||||
| Issuance Of Debt | $1,970,000,000 | $651,360,000 | $2,463,523,000 | $4,494,104,000 |
| End Cash Position | $278,882,000 | $734,914,000 | $444,607,000 | $223,588,000 |
| Other Cash Adjustment Outside Changein Cash | $-1,000 | - | - | $-1,000 |
| Beginning Cash Position | $734,914,000 | $444,607,000 | $223,588,000 | $272,411,000 |
| Effect Of Exchange Rate Changes | $-68,079,000 | $-2,546,000 | $105,534,000 | $-19,367,000 |
| Changes In Cash | $-387,952,000 | $292,853,000 | $115,485,000 | $-29,456,000 |
| Interest Paid Cff | $-343,526,000 | $-214,527,000 | $-160,803,000 | $-141,532,000 |
| Net Issuance Payments Of Debt | $1,970,000,000 | $151,360,000 | $-1,856,977,000 | $-840,896,000 |
| Net Long Term Debt Issuance | $1,970,000,000 | $151,360,000 | $-1,856,977,000 | $-5,335,000,000 |
| Long Term Debt Issuance | $1,970,000,000 | $651,360,000 | $2,463,523,000 | $0 |
| Net Business Purchase And Sale | $-1,393,594,000 | $0 | $0 | $-2,208,000 |
| Purchase Of Business | $-1,393,594,000 | $0 | $0 | $-2,208,000 |
| Net PPE Purchase And Sale | $-66,794,000 | $-153,795,000 | $-70,318,000 | $-174,736,000 |
| Purchase Of PPE | $-66,794,000 | $-153,795,000 | $-70,318,000 | $-174,736,000 |
| Taxes Refund Paid | $-2,523,350,000 | $-2,463,195,000 | $-2,686,852,000 | $164,439,000 |
| Change In Working Capital | $202,981,000 | $372,572,000 | $-130,287,000 | $-403,027,000 |
| Change In Other Current Assets | $62,239,000 | $-22,000,000 | $25,059,000 | $34,734,000 |
| Change In Inventory | $140,742,000 | $394,572,000 | $-155,346,000 | $-437,761,000 |
| Other Non Cash Items | $201,922,000 | $155,766,000 | $82,301,000 | $-66,336,000 |
| Depreciation And Amortization | $1,915,855,000 | $1,422,598,000 | $1,447,966,000 | $1,704,561,000 |
| Depreciation | $1,915,855,000 | $1,422,598,000 | $1,447,966,000 | $1,704,561,000 |
| Gain Loss On Investment Securities | $-80,353,000 | $-24,531,000 | $31,721,000 | $-2,232,000 |
| Net Foreign Currency Exchange Gain Loss | $373,915,000 | $73,702,000 | $392,617,000 | $558,940,000 |
| Net Income From Continuing Operations | $3,313,119,000 | $3,356,933,000 | $5,855,891,000 | $2,646,687,000 |
| Repayment Of Debt | - | $-500,000,000 | $-4,320,500,000 | $-5,335,000,000 |
| Long Term Debt Payments | - | $-500,000,000 | $-4,320,500,000 | $-5,335,000,000 |
| Net Intangibles Purchase And Sale | - | - | $0 | $-295,000 |
| Purchase Of Intangibles | - | - | $0 | $-295,000 |
| Net Short Term Debt Issuance | - | - | - | $4,494,104,000 |
| Short Term Debt Issuance | - | - | - | $4,494,104,000 |
| Interest Received Cfo | - | - | - | $13,090,000 |
| Interest Paid Cfo | - | - | - | $-141,532,000 |
| Amortization Cash Flow | - | - | - | $0 |
Fetched: 2026-02-02