Etablissements Maurel & Prom S.A./€MAU

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About Etablissements Maurel & Prom S.A.

Etablissements Maurel & Prom S.A. is an independent oil and gas exploration and production company headquartered in Paris, France. The company's core business involves the exploration, development, and production of hydrocarbons, with a primary focus on conventional oil resources. Maurel & Prom operates significant projects in Africa, notably in Gabon and Tanzania, and has a presence in other regions through strategic partnerships and acquisitions. Its activities encompass key segments such as onshore exploration and production, leveraging advanced technologies and operational expertise to enhance resource recovery. The company's strategic positioning includes a focus on high-potential geological areas, supported by its technical and economic capabilities in managing exploration and production operations.
Ticker
€MAU
Sector
Energy
Primary listing
PAR
Employees
809
Headquarters
Paris, France

MAU Metrics

BasicAdvanced
€1.6B
3.77
€2.12
0.07
€0.38
4.75%

Bulls say / Bears say

M&P’s first-half 2026 results showed strong financial leverage: revenue rose 27%, EBITDA 63% and net income 78%. Free cash flow increased 21% to $77 million, while the group held $257 million of net cash and about $500 million of available liquidity. (Reuters, Maurel & Prom)
Tanzania offers a credible near-term production catalyst. The MB-5 and MS-2 wells lifted Mnazi Bay’s potential to nearly 200 mmcfd, while July field output reached about 125 mmcfd gross, above the previous facility capacity. (Webdisclosure)
M&P’s Colombian Sinu-9 campaign has produced an encouraging early result. Hechicero-1X found gas across several intervals and tested at 26.4 mmcfd, creating potential for incremental production from existing infrastructure and further exploration upside. (Business Wire)
The first-half earnings jump was driven mainly by pricing rather than volume growth. The average oil sale price rose 53% from the second half of 2025, while working-interest production increased only 3%, leaving profits exposed if crude prices retreat. (Reuters, Maurel & Prom)
Venezuela remains a material political and regulatory risk. M&P resumed crude sales after receiving a US licence, but Reuters reported that uncertainty remains over the country’s future contribution and how the situation will develop. (Reuters)
The announced US$1.33 billion Gran Tierra acquisition raises integration, approval and funding risk as M&P expands rapidly. The accompanying US$465 million refinancing is expected to add about $250 million of liquidity, but it also increases the execution stakes around the enlarged portfolio. (Simply Wall St, Maurel & Prom)
Data summarised monthly by Lightyear AI. Last updated on 21 Sept 2026.

Funds containing MAU

AllEURGBP
Funds
Fund name
Fund size
€MAU weighting
Xtrackers MSCI Europe Small Cap€DX2J
€3.2B0.03%
Xtrackers MSCI Europe Small Cap£XXSC
£2.8B0.03%
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Market data provided by CBOE Europe and Deutsche Börse.