RE:Big Day Tomorrow not TodayJohnwith30years:
Weakest quarter is the Q3;
See a note from the investement relationI had in April:
«Thank you for reaching out and for your support. The seasonality figures that we disclosed within our guidance presentation (here) for EBITDA included Petrogras contribution as well (Q1 ~39%; Q2 ~17%; Q3 ~14%; Q4: ~30%). Petrogas revenue in 2020 was $7,917MM which includes commodity purchases. For incremental details on this see page 99 within our financial statements (here). I hope this answers your questions, if there is anything else do not hesitate to reach out.»
but it does nor mean that Q1 that has delivered
An EBITDA of $ 674 M or supposely 39 %
but was not .
Because $ 674 M on revised top line buget of $ 1 525 M is 44 % .and more than usual because of unsual profit during the Q1
But why not expecting as a ball park figure 17 % of $ 1 525 M for the Q2 or $ 260 M for a total a total EBITDA of $ 934 M M for the H1 and 61% Ebitda contribution for 2021 leaving 39 % for the rest of the year while the investment relation give 14 % in the Q3 and 30 % in the Q4.
Cheers