Q: Thoughts on recent quarter?
5i Research Answer:
Average production was 37,612 b/d, up 11%. EPS of 17c missed estimates of 19c; Revenue of $369M was well ahead of estimates. Production forecast was raised, to 36,000+ from 32,000+. Cash flow outlook calls for $590M or $1.07 per share, up 100% from 2022. This is ahead of estimates. Cash flow was a record and the capex budget was raised. It is now in a net cash position and things are looking quite good at ATH.