Energean plc (LON:ENOG) reported a stronger first half of 2026, with profit after tax rising 45% to $160 million and free cash flow increasing about 35% to over $350 million. This performance came despite a 12% decline in production and an 8% drop in revenue, primarily due to a 41-day shutdown at its Karish asset in Israel. The company maintained its 2026 development spending guidance of $800 million–$850 million for the Katlan project, with first gas from Athena and Zeus wells expected in the first half of 2027. Energean also secured a new Sorek gas agreement representing $1.4 billion in revenue and plans a $150 million Egyptian investment program.