Capital Access Group Flash Notes | Seplat Energy: 1Q26 results – Dividend hike demonstrates confidence
Seplat reported a robust quarter financially despite operational issues as it benefitted from exceptionally strong realisations, achieving an 11% premium to Brent. Production has already recovered and is set to grow further. Management demonstrated their confidence in the outlook declaring a USc9 dividend for the quarter, a 96% increase YoY, including a special dividend of USc4.0, and reiterating all guidance metrics for 2026. We raise our earnings forecast for 2026 to US$288.4m (from US$154.5m) to reflect an increase in our average Brent price assumption to US$80/bbl (from US$65/bbl) and…
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