Sintana Energy (SEI) Q4 2025 earnings summary

Executive summary

• Achieved milestone year in 2025, setting up for anticipated strong 2026 performance.

• Expanded Namibian portfolio with TotalEnergies farm-in to PEL 83, securing a 4.9% indirect carried position and no funding obligations for initial development.

• Entered Angola via partnership for a 5% interest in KON-16 block, with seismic data acquisition completed and further agreements pending.

• Completed acquisition of Challenger Energy Group, adding significant offshore Uruguayan assets and strengthening Atlantic-margin exploration presence.

• Resolved arbitration with ExxonMobil in Colombia, securing $9 million in cash payments.

Financial highlights

• Strong financial foundation at 2026 start, enhanced by Challenger acquisition and ExxonMobil settlement.

• No expected capital exposure for initial phase of PEL 83 development due to carried interest.

Outlook and guidance

• Anticipates new wells on PEL 83 and additional drilling across portfolio through 2026–2027.

• Expects continued value creation in Namibia, Angola, and Uruguay as key catalysts are delivered.

• Portfolio offers diversified exposure across geologic plays, basins, and operators.