Gulf Keystone Petroleum's H1 production plummets to 14,600 bpd, but adjusted EBITDA still grows 26% to $52 million.
Gulf Keystone Petroleum announced its H1 2026 results. Due to the regional security situation, the Shaikan field was shut down from February 28 to June 23 and again in July, causing average H1 production to drop to 14,600 barrels per day from 44,100 barrels per day in the same period last year. Despite the production loss, adjusted EBITDA increased by 26% year-on-year to $52 million, thanks to higher export prices and lower operating costs. The company's board of directors declared an interim dividend of $10 million, payable in September 2026. Following the restart in August, production has approached 40,000 barrels per day, and the company is seeking to recover approximately $80 million in outstanding receivables through additional crude oil extraction.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Regulatory Landscape of Virtual Currencies in Mainland China and Risks Associated with Using Overseas Trading Platforms
-
2
SKR Tokenomics Analysis: The Core Driver of the Solana Mobile Ecosystem
-
3
According to Bloomberg Markets: Large asset managers are deleveraging in the U.S. Treasury futures market, triggered by forced selling as cash yields approach multi-year highs.
-
4
Wall Street's Rate Shock Spreads Beneath AI-Fueled Market Rally, Driven by High Oil Prices and Borrowing Costs
-
5
BEPR Token Analysis: Distinguishing Between Homonymous Projects and Current Market Status
-
6
TypeSafe AI, the maker of the non-text AI model Jev, reached a valuation of $7.5 billion just weeks after its launch, with a16z leading an $870 million funding round.
-
7
iPhone Vulnerabilities Continue to Threaten Crypto Users, Older iOS Devices Remain at Risk
-
8
Hungary Needs Significant Deficit Cut For Euro Path, Magyar Says
-
9
KYL Token: Kylin Network Data Infrastructure Project Status and Market Liquidity Analysis
-
10
Base Network: Coinbase's Layer 2 Solution and Its Ecosystem Development Status
Markets Today
Recommended Reading







