Gulf Keystone Petroleum Ltd (GUKYF) Q2 2024 Earnings Call Highlights: Strong Operational ...
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 09 2024
0mins
Should l Buy ?
Source: Yahoo Finance
Financial Performance: Gulf Keystone Petroleum Ltd reported a strong operational and financial performance in the first half of 2024, with adjusted EBITDA increasing by 6% to $36 million, generating $27 million in free cash flow, and returning $25 million to shareholders through dividends and buybacks.
Challenges and Outlook: The company faces challenges due to the closed Iraq-Turkey pipeline affecting export capabilities and realized prices significantly discounted compared to Brent, alongside potential production impacts from a temporary shutdown in November.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
