Energean reports H1 profit growth and Energean stock trades at EUR 8.34

Published on 10/05/2026 at 16:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 profit after tax reached USD 160 million, up 45.00 percent year over year. Energean stock costs EUR 8.34 on October 5, 2026 versus EUR 8.28.

Offshore-Erdgasplattform im Mittelmeer bei Sonnenuntergang mit zwei Versorgungsschiffen — Energean plc GB00B753SF33 zeigt fotorealistisch eine Offshore-Gasplattform im Mittelmeer bei Sonnenuntergang mit Versorgungsschiffen, Illustration mit AI erstellt.

Energean (ISIN GB00BG12Y042) was trading at EUR 8.34 at Lang & Schwarz on October 5, 2026 at 4:11 p.m. CEST, up 0.72 percent versus the prior close of EUR 8.28. The company reported USD 160.0 million in profit after tax for the six months ended June 30, 2026, a 45.00 percent increase from USD 110.0 million a year earlier, according to Financial Times on September 9, 2026.

Profit rises despite lower revenue

Energean's H1 2026 revenue from production activities fell to USD 743.0 million from USD 804.0 million in H1 2025. The decline reflected a 41-day production suspension in Israel and weaker output from Italy, while stronger liquids pricing supported the result, the company said in its half-year announcement carried by Financial Times.

Adjusted EBITDAX was USD 478.0 million in H1 2026, down from USD 505.0 million in H1 2025, while free cash flow increased to USD 250.0 million from USD 185.0 million. The combination shows how pricing and cash discipline partly offset lower volumes.

Production recovery supports guidance

Average working-interest production was 124,000 barrels of oil equivalent per day in H1 2026, down from 138,000 a year earlier. After operations resumed, production averaged 135,000 barrels per day in the eight months through August 31, 2026, within the full-year guidance range of 130,000 to 140,000 barrels per day.

August production exceeded 180,000 barrels per day, giving the company a stronger operating base for the remaining fiscal year. Energean also kept its Katlan project on track for first gas in the first half of 2027, while the Sorek gas sales agreement adds USD 1.4 billion of contracted revenue over its term.

Debt remains the key counterweight

Net debt stood at USD 3,227.0 million on June 30, 2026, down USD 97.0 million from March 31, 2026. The balance remains material as Energean funds Katlan and other development projects, with total development and production capital expenditure at USD 350.0 million in H1 2026.

Energean is listed on the London Stock Exchange under ENOG and is a FTSE 250 constituent. The primary listing gives the London price in GBp, while the reference quote for this article is the euro price from Lang & Schwarz.

Energean stock holds near EUR 8.00

Energean stock was trading at EUR 8.34 at Lang & Schwarz on October 5, 2026 at 4:11 p.m. CEST, compared with the EUR 8.28 prior close at Lang & Schwarz on October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of Energean stock.