Medco Energi Internasional, ID1000053705

Medco Energi agrees 10% Kutei deal. Target for Medco Energi Internasional stock is IDR 2,500

Published on 10/20/2026 at 10:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income reached USD 275.00 million versus USD 30.71 million. Medco Energi Internasional stock costs EUR 0.07 on October 20, 2026.

Kutei expansion shapes valuation

Medco Energi agreed on October 12, 2026 to acquire a 10.00 percent interest in four Kutei PSCs.
First-half 2026 revenue reached USD 1,415.00 million and net income reached USD 275.00 million.
Medco Energi Internasional stock traded at EUR 0.07 at 10:42 a.m. CEST at Lang & Schwarz on October 20, 2026.
Maybank Sekuritas retained an IDR 2,500.00 target on October 13, 2026.

Medco Energi Internasional, ID1000053705, Illustration mit AI erstellt.

Medco Energi Internasional (ISIN ID1000053705) was trading at EUR 0.07 at Lang & Schwarz on October 20, 2026 at 10:42 a.m. CEST. According to Kontan, Maybank Sekuritas retained an IDR 2,500.00 target on October 13, 2026 after Medco agreed to acquire a 10.00 percent interest in four gas contracts.

Three milestones define the story

The first milestone came on September 21, 2026, when Medco reported first-half revenue of USD 1,415.00 million and net income of USD 275.00 million through FinancialFilings. The company had generated USD 30.71 million in net income in the first half of 2025, making the latest result a USD 244.29 million increase.

On October 1, 2026, management discussed first-half production of 170,100 barrels of oil equivalent per day, 19.00 percent above the prior-year level, while cash production costs stood at USD 8.40 per barrel of oil equivalent. The same presentation put EBITDA at USD 805.10 million and the margin at 56.90 percent.

What does Kutei add?

Medco announced on October 12, 2026 that it had agreed with Eni to acquire a 10.00 percent non-operating interest in the Muara Bakau, Ganal, West Ganal and East Ganal production sharing contracts. The official release says the portfolio includes producing, development and exploration assets in East Kalimantan and remains subject to regulatory approvals.

The transaction is strategically important because it adds gas exposure without making Medco the operator. The four contracts are operated by Searah, a joint venture between Eni and PETRONAS. A separate MedcoEnergi release identifies the Geliga discovery among the assets and says the deal strengthens the long-term production base.

Fitch described the proposed purchase as credit neutral in a report discussed by Kontan on October 19, 2026. The report said consolidated net debt to EBITDA could rise from 2.50 times at the end of 2025 to 3.00 times in 2028, while remaining below Fitch's 3.30 times sensitivity threshold.

Stock stays tied to execution

For investors, the valuation case combines a sharp first-half earnings improvement with a gas expansion whose financial terms were not disclosed. Medco's June 2026 balance sheet showed USD 1,388.71 million in cash and USD 4,301.87 million in total debt, leaving the acquisition's funding and approval milestones central to the next phase.

Medco Energi Internasional stock was trading at EUR 0.07 at Lang & Schwarz on October 20, 2026 at 10:42 a.m. CEST. The company page showed an IDX market capitalization of IDR 34.8 trillion as of October 20, 2026.

Medco Energi Internasional stock was trading at EUR 0.07 at 10:42 a.m. CEST at Lang & Schwarz on October 20, 2026. The further course of trading is shown by the continuously updated real-time quote of Medco Energi Internasional stock.