Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.
Sector: Oil & Gas
RU_SNGS
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: connector/market_inputs
| Period | Issues |
|---|---|
| 2023-06-30 H1 | ✓OK |
| 2023-12-31 FY | ✓OK |
| 2023-12-31 H2 | ✓OK |
Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueB USD | Operating profitB USD | D&AB USD | EBITDAB USD | Net profitB USD | Operating CFB USD | Capex + M&AB USD | AssetsB USD | EquityB USD | ROE (annualized) | Net debtB USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-12-31 | FY 2023 (12M) | OK | 19.1 y/y — | 4.2 y/y — | 3.9 y/y — | 4.4 y/y — | 6.7 y/y — | 6.2 | -4.2 | 112.8 y/y — | 99.4 y/y — | 19.3% | -196.5 | Link |
| 2023-06-30 | Q2 2023 (3M) | OK | 13.2 y/y — | 3.3 y/y — | 3.7 y/y — | 7.0 y/y — | 11.8 y/y — | 2.1 | -3.6 | 103.9 y/y — | 92.7 y/y — | — | -68.5 | Link |
Physical operating metrics — supplementary, not part of the financial statements
Oil & Gas (oil)
| Year | Production, Mt |
|---|---|
| 2025 | 54.70 |
| 2024 | 53.70 |
| 2023 | 56.40 |
Surgutneftegas FY2025 oil production 54.7 Mt (+1.8% YoY, Interfax citing annual report). FY2024 53.7 Mt.
Net debt / cash ($ mln)
The same staged build as the commodity players: revenue → costs → EBITDA → conservative EBITDA (min of the spot- and 3-yr-average-price cases) → target market cap at the current EV/EBITDA. Costs held flat (a producer has no commodity on the cost side).
USD/RUB: spot 73 vs LTM-avg 80 → ×0.91 (ruble stronger → less RUB revenue); applied to USD-priced commodities (RUB gold left as-is). Oil & gas upside may be overstated: mineral-extraction tax / export duty rise with price but costs are not re-priced here.
Upside (conservative): +15% · spot +64% · 3-yr +15%
How it is calculated — revenue → costs → EBITDA → conservative EBITDA → target market cap
| 1 · Reported baseline (latest FY) | |
| Revenue | 1.36 trn RUB |
| EBITDA | 312.2 bln RUB |
| Cash costs (revenue − EBITDA) | 1.05 trn RUB |
| 2 · Revenue projection | |
| Multiplier — spot | ×1.20 (+20%) |
| = Spot revenue | 1.64 trn RUB |
| Multiplier — 3-yr prices | ×1.05 (+5%) |
| = 3-yr-price revenue | 1.43 trn RUB |
| 3 · Cost projection (held flat) | |
| Cost multiplier | ×1.00 (+0%) |
| = Cash costs | 1.05 trn RUB |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 588.3 bln RUB |
| = 3-yr-price EBITDA | 379.4 bln RUB |
| Conservative EBITDA = min(spot, 3-yr) | 379.4 bln RUB |
| 5 · Valuation → target market cap | |
| EV/EBITDA (current) | 1.6x |
| Target EV = EV/EBITDA × conservative EBITDA | 611.2 bln RUB |
| Net debt | -196.5 bln RUB |
| Target market cap = EV − net debt | 807.6 bln RUB |
| Current market cap | 699.3 bln RUB |
Upside = target market cap ÷ current − 1 = +15%
Product prices — move vs the LTM average; the 'RUB' columns include the USD/RUB move.
| Commodity | Revenue share | Spot | LTM avg | $ vs LTM | RUB vs LTM (FX) | RUB 3-yr (FX) |
|---|---|---|---|---|---|---|
| Brent | 80% | 94.67 | 69.09 | +37% | +25% | +6% |
No dividend rows found for this issuer.
Investor reporting (IR): https://www.e-disclosure.ru/portal/files.aspx?id=312
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)