BlueNord

Var Energi announced a merger with BlueNord as a cash-and-stock transaction worth about USD 1.33bn, which would make the company the largest independent oil and gas producer in Europe. Q2 results beat expectations with earnings per share of 1.36 NOK versus a 1.25 NOK consensus, the dividend was raised to USD 350m and a further distribution of USD 350m was announced for Q3. Production in H1 2026 averaged 391 kboepd, the full-year guidance of 390–410 kboepd was confirmed, and the stock rose intraday by about 5.5% to 46.20 NOK. » More on de.investing.com

BlueNord reports a strong revenue rise to USD 318m in the first quarter of 2025 and an EBITDA of USD 201m, driven by the ramp-up of the Tyra field and higher commodity prices. Operating net cash flow was USD 141m before working‑capital adjustments and liquidity stood at USD 460m. Production reached the highest quarterly volume since Tyra’s restart and the company targets peak production in the second half of 2026; the leverage ratio is 1.7x. » More on de.investing.com

BlueNord reports significant Q4 growth: revenue $270m, adjusted EBITDA $190m (+40% q/q) and operating cash flow $165m (+30%), driven by higher gas production after the Tyra field restart. The stock rose 2.24% after the earnings call; management emphasizes the shift to a cash-generating business model focused on distributions and disciplined capital management. For 2026 the company expects rising EPS (from $1.98 in Q1 to $2.36 in Q4) and further revenue growth, but notes risks from production stability, gas price volatility and regulatory requirements. » More on de.investing.com