Energean reports $160 million first-half profit and reaffirms 2026 production guidance

Energean reported higher first-half profit and free cash flow for 2026, while revenue and production declined year over year. The company reaffirmed its full-year production guidance.

Energean reported profit after tax of $160 million for the six months ended June 30, 2026, up from $110 million a year earlier. Free cash flow increased 35% year over year to $250 million, while total revenue from production activities declined to $743 million from $804 million. The results were published by FT.com from an RNS announcement dated September 9, 2026.

Production and guidance

Energean’s average working-interest production was 124 thousand barrels of oil equivalent per day in the first half, down from 138 thousand a year earlier. Production averaged 135 thousand barrels of oil equivalent per day during the eight months through August 31, 2026, and exceeded 180 thousand barrels of oil equivalent per day in August. The company reaffirmed its full-year 2026 production guidance of 130,000 to 140,000 barrels of oil equivalent per day. These figures and the guidance were included in the company’s RNS results announcement published by FT.com.

Dividend declaration

Energean declared a second-quarter 2026 interim dividend of 10 US cents per share. The payment was scheduled to be initiated on September 30, 2026, with the London Stock Exchange ex-dividend date set for September 17 and the record date for September 18. The dividend announcement identified Energean plc as the issuer and was published through Investegate on September 9, 2026.