{"id":82203,"date":"2024-11-06T00:00:00","date_gmt":"2024-11-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/"},"modified":"2024-11-06T00:00:00","modified_gmt":"2024-11-06T00:00:00","slug":"aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/","title":{"rendered":"Aramco net income dips in 3Q as oil giant swings into debt"},"content":{"rendered":"

Saudi Aramco posted SAR 103.4 bn (USD 27.6 bn) in net income in 3Q 2024, <\/strong>down 15.4% y-o-y<\/strong>, while revenues fell 1.8% during the period at SAR 416.6 bn, the company said in an earnings release (pdf)<\/a> and a disclosure to Tadawul<\/a>. <\/p>\n

The third quarter also saw the state-owned oil giant swing into a net debt position of SAR <\/strong>33.35 bn<\/strong>, compared to net cashflow SAR 102.75 during the same period last year. This marks the first time in two years that the company has found itself indebted as it maintains dividend payouts that exceed its earnings, Bloomberg<\/a> said. The story also got ink from the Associated Press<\/a>, Reuters<\/a>, and CNBC<\/a>. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Third quarter earnings vs. forecasts:<\/strong> The latest earnings exceeded Aramco\u2019s median estimate of USD 26.9 bn, as well as Citi\u2019s USD 26.3 bn projection, Reuters notes. Meanwhile, results for third quarter adjusted net income attributable to shareholders fell short of analyst estimates collected by Bloomberg. <\/p>\n

On a 9M basis:<\/strong> The state-owned oil giant\u2019s bottom line dropped 11.3% y-o-y at SAR 314.7 bn in the first nine months of the year, while its top line remained largely unchanged, up 0.02% at SAR 1.24 tn. <\/p>\n

Why the numbers moved the way they did:<\/strong> Aramco attributed the decline in net income to falling crude prices and weaker refining margins, with its nine-month performance also taking hits from lower volumes sold. The firm sold crude at an average of USD 79.30 a barrel during 3Q, USD 10 lower than the previous year, Bloomberg said. Meanwhile Saudi production has been capped at 9 mn bbl \/ d for upwards of a year due to ongoing Opec+ production cuts. <\/p>\n

ICYMI:<\/strong> Opec+ pushed back a planned 180k bbl \/ d output hike for December for another month earlier this week<\/a>, amid lingering concerns of soft oil demand from China and a glut in supply. This marks the second time<\/a> the global oil group postpones productions restarts that were originally slated for October. <\/p>\n

Business as usual in terms of dividends: <\/strong>The world\u2019s largest oil exporter maintained its generous dividend payouts for the quarter, distributing a total of SAR 116.45 bn (USD 31.05 bn) composed of a SAR 76.06 bn base dividend, and a SAR 40.39 bn performance-linked dividend, Aramco said in a separate disclosure to Tadawul<\/a>. <\/p>\n

Concerns remain on dividend sustainability: <\/strong>Analysts had previously pegged Aramco\u2019s dividend payments as \u201cunsustainable\u201d<\/a> given that they exceed FCF and would ultimately drive the company to increase borrowing. The world\u2019s largest dividend payouts are starting to weigh on the company\u2019s finances, particularly against a backdrop of a weak outlook for oil, Bloomberg wrote in its coverage.<\/p>\n

Aramco will have to decide early next year between maintaining its generous payouts to <\/strong>shareholders \u2014 and consequently increasing borrowing \u2014 or cutting back dividends<\/strong> and depriving the Saudi state of key financing it needs to shore up its budget, Bloomberg<\/a> reported separately. The Saudi government is by far Aramco\u2019s largest stakeholder and relies heavily on its dividends to finance economic diversification plans. Aramco had previously leveraged debt to maintain its dividend payments during the covid-19 pandemic \u2014 a strategy that is not uncommon among large oil companies during slowdowns, the business information service notes. Aramco\u2019s 2% net debt-to-equity ratio remains far lower than that of other major oil players, Bloomberg said.<\/p>\n

REMEMBER:<\/strong> Aramco closed its first bond sale in three years<\/a> in July, and tacked on another in August<\/a> \u2014 raising a combined USD 9 bn so far this year. <\/p>\n

Despite FCF hitting SAR 82.47 bn in 3Q 2024<\/strong>, up SAR 6.19 bn y-o-y on the back of \u201cfavorable movements in working capital,\u201d the measure shed more than SAR 40 bn on a yearly basis to settle at SAR 238.91 bn in 9M \u2014 with Aramco attributing the decline to lower earnings.<\/p>\n

Capex is still on the rise:<\/strong> Aramco\u2019s capital expenditure stood at SAR 49.59 bn in 3Q 2024, up SAR 8.24 bn y-o-y, as the company funneled considerable investments into its upstream operations to maintain a maximum sustainable production capacity of 12 mn bbl \/ d, while also boosting downstream assets. <\/p>\n","protected":false},"excerpt":{"rendered":"

The firm will likely resort to more borrowing to maintain generous dividend payouts<\/p>\n","protected":false},"author":1,"featured_media":82204,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[175],"tags":[239,174,420],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-aramco","tag-earnings-watch","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"1e43442a-dc2e-4a10-ad64-a3d44aa51011","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/370.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Aramco net income dips 15.4% in 3Q, as oil giant swings into net debt","related_issue":[82190],"teaser":"The firm will likely resort to more borrowing to maintain generous dividend payouts","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.e8d9cddb-99db-49c9-8026-f493bae107b0.mp3"},"yoast_head":"\nAramco net income dips in 3Q as oil giant swings into debt - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aramco net income dips in 3Q as oil giant swings into debt\" \/>\n<meta property=\"og:description\" content=\"The firm will likely resort to more borrowing to maintain generous dividend payouts\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-06T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/370.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Aramco net income dips in 3Q as oil giant swings into debt\",\"datePublished\":\"2024-11-06T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/\"},\"wordCount\":681,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/370.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Aramco\",\"EARNINGS WATCH\",\"oil and gas\"],\"articleSection\":[\"Earnings Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/\",\"name\":\"Aramco net income dips in 3Q as oil giant swings into debt - Logistics\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/370.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-11-06T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/370.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/370.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/logistics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Aramco net income dips in 3Q as oil giant swings into debt\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"name\":\"Logistics\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\",\"name\":\"Logistics\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/29618.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/29618.svg\",\"caption\":\"Logistics\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Aramco net income dips in 3Q as oil giant swings into debt - Logistics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/","og_locale":"en_US","og_type":"article","og_title":"Aramco net income dips in 3Q as oil giant swings into debt","og_description":"The firm will likely resort to more borrowing to maintain generous dividend payouts","og_url":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/","og_site_name":"Logistics","article_published_time":"2024-11-06T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/370.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Aramco net income dips in 3Q as oil giant swings into debt","datePublished":"2024-11-06T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/"},"wordCount":681,"publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/370.jpg?fit=%2C&ssl=1","keywords":["Aramco","EARNINGS WATCH","oil and gas"],"articleSection":["Earnings Watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/","url":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/","name":"Aramco net income dips in 3Q as oil giant swings into debt - Logistics","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/370.jpg?fit=%2C&ssl=1","datePublished":"2024-11-06T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/370.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/370.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/06\/aramco-net-income-dips-in-3q-as-oil-giant-swings-into-debt\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/logistics\/"},{"@type":"ListItem","position":2,"name":"Aramco net income dips in 3Q as oil giant swings into debt"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/logistics\/#website","url":"https:\/\/enterpriseam.com\/logistics\/","name":"Logistics","description":"","publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/logistics\/#organization","name":"Logistics","url":"https:\/\/enterpriseam.com\/logistics\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/29618.svg","contentUrl":"https:\/\/ent.news\/internal\/29618.svg","caption":"Logistics"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/370.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/370.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/370.jpg?fit=%2C&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/82203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/comments?post=82203"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/82203\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/82190"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media\/82204"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media?parent=82203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/categories?post=82203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/tags?post=82203"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/brand?post=82203"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=82203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}