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Employees: 34
Size Panoro Energy (PEN.OL) is a Norway Energy company (Integrated Oil) with a market value of $441M, the 94th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 29.40 on 6 Nov 2026.
Performance Over six months the shares fell 16.1%, against -10.0% for the median peer and +2.7% for the Norway market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 22.7% over the last twelve months (peer median +23.2%); the operating margin is 16.4% (peer median 23.1%).
Valuation It trades at 11.1× forward earnings against a peer median of 7.9× (5th most expensive of 15).
Capital Return on invested capital runs 4.5 points below its cost of capital (10.1% WACC).
Credit Panoro Energy has 1 bond outstanding ($300M).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 1.90B | NOK 2.25B | NOK 3.07B | NOK 2.40B | NOK 1.81B |
| Revenue growth | — | -27% | +27% | +33% | — |
| Gross profit | NOK 548M | NOK 647M | NOK 1.18B | NOK 1.12B | NOK 975M |
| EBITDA | NOK 721M | NOK 981M | NOK 1.62B | NOK 1.42B | NOK 1.22B |
| Net income | -NOK 686M | -NOK 136M | NOK 653M | NOK 353M | NOK 191M |
| Free cash flow | -NOK 354M | NOK 203M | NOK 102M | NOK 128M | NOK 465M |
| Capital expenditure | NOK 256M | NOK 415M | NOK 1.11B | NOK 717M | NOK 619M |
| Total debt | NOK 2.95B | NOK 1.49B | NOK 1.66B | NOK 706M | NOK 776M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PEN.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.6% | -7.6% | 7th highest of 21 |
| 6-month return | -16.1% | -10.0% | 9th lowest of 21 |
| Distance from 52-week high | -19.9% | -30.3% | 7th highest of 21 |
| Revenue growth (TTM) | -22.7% | +23.2% | 2nd lowest of 18 |
| Operating margin | 16.4% | 23.1% | 8th lowest of 19 |
| Forward P/E | 11.1× | 7.9× | 5th most expensive of 15 |
| ROIC minus cost of capital | -4.5 pp | +2.3 pp | 3rd lowest of 19 |
| EV / EBITDA | 9.0× | 4.4× | 5th most expensive of 15 |
| Net debt / EBITDA | 3.3× | 0.8× | 2nd most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Panoro Energy PEN.OL | Norway | $441M | -16% | -23% | 16% | 11.1× | n/a | n/a |
| Deutsche Rohstoff DR0.DE | Germany | $427M | -18% | -6% | 23% | 1.5× | n/a | n/a |
| CITIC Resources 1205.HK | Hong Kong | $481M | -13% | -29% | 4% | n/a | n/a | n/a |
| Hankook Shell Oil 002960.KS | South Korea | $500M | +3% | +4% | 16% | 17.1× | -10.0% | +11.5% |
| Okea OKEA.OL | Norway | $513M | +19% | +2% | 36% | 4.8× | n/a | n/a |
| Sable Offshore SOC | United States | $370M | -85% | n/a | -293% | 3.1× | n/a | n/a |
| InPlay Oil IPO.TO | Canada | $346M | +3% | +79% | 12% | 8.8× | 9.0% | +45.2% |
| Antelopus Selan Energy ANTELOPUS.NS | India | $333M | +33% | +83% | 56% | n/a | n/a | n/a |
| Presidio Production FTW | United States | $321M | -7% | n/a | n/a | 8,050.5× | n/a | n/a |
| Coelacanth Energy CEI.V | Canada | $299M | -20% | +409% | 18% | 44.0× | n/a | n/a |
| Logan Energy LGN.V | Canada | $726M | +61% | +64% | 28% | 9.3× | n/a | n/a |
| TXO Partners, L.P TXO | United States | $728M | +7% | +50% | 23% | 6.9× | -13.3% | +36.9% |
| Infinity Natural Resources INR | United States | $811M | -17% | +75% | 44% | 4.5× | n/a | n/a |
| China Risun 1907.HK | Hong Kong | $841M | -45% | -2% | 3% | 9.0× | n/a | n/a |
| Riley Exploration Permian REPX | United States | $913M | +24% | +23% | 39% | 4.2× | -7.1% | +164.3% |
| Saturn Oil & Gas SOIL.TO | Canada | $941M | +13% | +6% | 28% | 3.0× | -13.8% | +161.8% |
| Shanxi Blue Flame 000968.SZ | China | $961M | -28% | -1% | 14% | n/a | -6.8% | +7.9% |
| Tamboran Resources TBN | United States | $1.01B | -19% | n/a | n/a | n/a | n/a | n/a |
| Sino Geophysical 300191.SZ | China | $1.10B | -47% | +136% | 14% | n/a | n/a | n/a |
| Sino Prima Gas Technology 300483.SZ | China | $1.11B | -15% | +40% | 24% | 12.5× | -8.7% | +13.3% |
| Totalenergies EP Gabon EC.PA | France | $1.14B | -5% | -13% | 25% | n/a | -10.7% | -0.6% |
Panoro Energy has 1 bond outstanding with $300M face value.