NewMed Energy LP (OTCPK:DKDRF)

$ 3.11 0 (0%) Market Cap: 3.70 Bil Enterprise Value: 4.96 Bil PE Ratio: 7.07 PB Ratio: 2.12 GF Score: 81/100

Q1 2024 Newmed Energy LP Earnings Call Transcript

May 27, 2024 / 12:30PM GMT

Transcript

Operator

Hi, everyone. Thank you for joining us today for Newmed Energy's 2024 first-quarter webinar. (Operator Instructions) As a reminder, this conference is being recorded, and I'm pleased to introduce Yossi Abu, CEO of Newmed Energy. Yossi, you may begin.

Yosef Abu

Newmed Energy LP - Chief Executive Officer

Thank you very much Noha. And thank you, everybody, for joining us this afternoon here in Israel. We would like to take you through our financial results of Q1 2024 and the key highlights from and the status of our activities. So without further due, we'll go directly to the points.

In the first quarter, basically, we achieve a little bit more than one BCF a day of sales total of 263 BCM at the quarter we finalized in a very stable way $121 million net profit, EBITDA little bit shy of a $180 million. We'll take you to a few operational updates.

First, we actually started this quarter, it was in the end of the quarter, but in Q1, we started the condensate sale into the Israeli market, talking about roughly ingenium 2,500 bills a day. On top of

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