Deutsche Rohstoff AG Boosts 2024 Guidance: What Investors Need to Know

• Deutsche Rohstoff AG has increased its forecast for 2024 due to strong development of the WTI oil price and decision to expand the subsidiaries' existing drilling program.
• The new guidance for 2024 includes revenue of EUR 210 to 230 million and EBITDA of EUR 160 to 180 million.
• The company plans to expand its 2024 drilling program to EUR 145 to 165 million in investments.
• It expects to produce 14,700 to 15,700 barrels of oil equivalent per day (BOEPD) in 2024.
• The increase in the forecast is due to the positive development of the current market environment, expansion of investments in the US in 2024, and strong production.
• The company has hedged over 1.8 million barrels of oil for the remainder of 2024 and 2025 at a price of around USD 75.

The next important date, Publication of Consolidated Financial Statements and Annual Report 2023, at Deutsche Rohstoff is on 30.04.2024.

The price of Deutsche Rohstoff at the time of the news was 38,60EUR and was up +2,52 % compared with the previous day.
12 minutes after the article was published, the price was 38,70EUR this corresponds to a plus of +0,26 % since publication.

Deutsche Rohstoff

-0,22 %

+3,48 %

+30,03 %

+39,59 %

+55,40 %

+256,80 %

+137,77 %

+98,48 %

+430,76 %

ISIN:DE000A0XYG76WKN:A0XYG7

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