Aker BP ASA (AKRBP) Earnings Call Transcripts

Aker BP ASA's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Aker BP ASA reported strong operational and financial performance, with production averaging just above 398,000 barrels per day, close to the high end of their guidance range. Total income reached $3 billion, driven by an average realized oil price of $83.5 per barrel. The company maintained its production guidance for the year between 370,000 and 400,000 barrels per day, with production costs tracking at $7.7 per barrel, consistent with previous guidance. Management emphasized their ability to capture upside from higher oil prices and confirmed that cash flow generation remains robust, with a positive outlook for the remainder of the year.

Reported metrics

Guidance from management

Management maintained their production guidance for 2026 at 370,000 to 400,000 barrels per day and confirmed production costs around $8 per barrel. They also lifted the assumed average realized oil price for the first half of 2026 to $90 per barrel across scenarios.

What management said

Yes. No, I can do that. So I don't think there's anything in particular that you need to think about when it comes to tax related to the call it widening of differentials. So the norm price is set based on the average of the achieved differentials across the different sellers on the shelf for the different qualities. So nothing in particular there. That's worth mentioning. .

No, not really. The almost counterintuitive here. So Hugin A is a top side of 29,000 tonnes. It's to be installed with pioneering spirit. And the fact that the unit is so big, it means that the weather, we can actually -- how we install in is better than if the unit was significantly lighter. So in a way, this installation policy gives us a lot of flexibility in actual installation timing.

What analysts pressed on

Analysts expressed concerns regarding the sustainability of production levels beyond 2028 and the potential need for M&A or exploration success to maintain output above 500,000 barrels per day. There were also questions about the impact of market dynamics on tax implications and capital allocation strategies under higher oil prices.

Main topics on the call

• Production Efficiency — Aker BP achieved a production efficiency of 97%, which is among the best in the industry. Daily production averaged just above 398,000 barrels, close to the high end of their guidance range, reinforcing their operational...
• Early Project Delivery — The Symra project came onstream 9 months ahead of schedule, showcasing Aker BP's effective project execution. This early delivery contributes to their production growth strategy, with management stating, "We are converti...
• Realized Oil Prices — The average realized oil price for Q1 was $83.5 per barrel, with management noting that this was supported by market dynamics that caused Brent data to trade above front month futures. This pricing structure is expected ...
• Impairment Reversal — Aker BP recognized a net impairment reversal of $522 million, primarily due to higher short-term oil and gas prices. This reversal reflects a significant recovery from a net loss of $145 million in the previous quarter.

Read the full Aker BP ASA transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 Aker BP ASA earnings call transcripts on record, spanning February 11, 2020 to July 15, 2026. Based on this history, Aker BP ASA reports quarterly. The most recent call on file is dated July 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

AKRBP

Exchange

OB

Country

NO

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

29

First call

February 11, 2020

Most recent

July 15, 2026

Reporting cadence

quarterly