BlueNord ASA (BNOR) Q2 2025 Earnings Call
BlueNord ASA (Oslo: BNOR) reported a standout Q2 2025, with revenue surging 52% to USD 260 million, driven by a 90% QoQ lift in Tyra hub production, now averaging 28 mboe/d. EBITDA reached USD 133 million, up 66% from Q1, and operating cash flow hit USD 70 million ([bluenord.com][1]). The company also refinanced its BNOR15 bond to eliminate dilution risk, proposed a USD 49 million cash dividend, and initiated a USD 50 million share buyback program. With strong liquidity of USD 718 million and strategic hedging in place, management laid out a robust outlook for continued production growth and s…