Performance highlights: EnQuest’s 2016 Half Year Results    
     
Summary production statistics and key financials    

Indicator

H1 2016 

H1 2015

Production (Boepd)

42,520 

 29,665

Revenue ($m)

391.3

 444.0

Realised oil price $/bbl

62.0

87.0

Gross profit ($m)

117.7

108.4

Profit before tax & net finance costs ($m)

149.7

99.1

EBITDA ** ($m)

242.9

226.7

Cash generated from operations ($m)

182.6

83.3

Reported basic earnings per share (cents)

19.5

12.8

Cash capex ***** ($m)

261.6  

404.3

H1 2016

H1 2015

Net (debt)/cash *** ($m)

(1,681.0)

(1,548.0)

**EBITDA is calculated on a business performance basis, and is calculated by taking profit/loss from operations before tax and finance income/(costs) and adding back depletion, depreciation and foreign exchange movements.
*** Including revenue of $261.2 million (2014: $31.7 million) associated with EnQuest’s effective oil price hedges.
**** Net (debt)/cash represents cash and cash equivalents less borrowings as per the balance sheet stated excluding accrued interest and the net-off of unamortised fees.

***** Cash capex shown net of proceeds from sale of Annan House and intangible assets.





       

As at 8th September 2016