Deutsche Rohstoff AG: Robust Q3 Performance with EUR 122 Million EBITDA

Deutsche Rohstoff AG reports a strong third quarter for 2024, achieving an EBITDA of EUR 122 million over nine months. Revenue reached EUR 171.6 million, alongside a consolidated net profit of EUR 36.2 million. The company saw production levels of 14,702 barrels of oil equivalent per day (BOEPD), exceeding the previous year's 11,904 BOEPD.

Despite net profit being slightly down from the prior year due to increased depletion and amortizations, Deutsche Rohstoff's equity rose to EUR 209.7 million. Its robust financial health is underpinned by a 41.4% equity ratio and net debt of EUR 134.2 million, translating to a gearing ratio of 0.75 in relation to EBITDA.

Investment strategies were optimized, leading to reduced costs per well as the company further established operations in Wyoming. The overall positive outlook was maintained despite challenges such as lower oil prices.