Enauta reports 3Q21 net income of R$134mm

Enauta recorded net income of R$134 million in the third quarter of 2021, an increase of 351% over the result for the same period in 2020, of R$29.7 million. In the first nine months of this year, the oil company’s net income totaled R$ 753.9 million, an increase of 775% to the result of the same period last year, of R$ 86.1 million.

— The company’s EBITDAX was R$438.8 million in 3Q21, an increase of 182.3% compared to the result of the same period in 2020, of R$155.5 million. The EBITDAX margin was 74.6%. Net revenue reached R$588.3 million, compared to R$224.5 million in 3Q20. In the year, net revenue totaled R$1.118 billion, against R$758.5 ​​million in 9M20.

— Enauta’s total production in the third quarter was 1.99 million boe, equivalent to an average daily production of 21.7 thousand boe.

— It was the first quarter with 100% recognition of the results of the Atlanta field, in the Santos Basin, a post-salt field with heavy oil.