Serica Energy

Serica Energy generated operating cash flow after tax of USD 280m in the first half of 2026 and turned net debt of USD 200m at the start of the year into net cash of USD 26m. Revenue and production rose thanks to higher output and realized prices; average production was just over 45,000 barrels of oil equivalent per day. For 2026 the company expects operating cash flow of USD 450–475m and maintained the interim dividend at GBP 0.06 per share. Management warns of maintenance-related weaker production in Q3 but expects marked strength in Q4, and cites planned acquisitions (Spirit Energy, Pharos) and a drilling programme as growth drivers. » More on de.investing.com

Serica Energy announces a new dividend policy: from 2026 it will distribute 15–30% of operating cash flow after tax. The company aims for an average annual production of more than 50,000 barrels of oil equivalent per day over the next decade; short-cycle projects could add up to 30,000 boe/d. For 2026 Serica expects operating cash flow after tax of $470–520m; Q2 production was 49,500 boe/d and net debt fell to $72m. » More on de.investing.com

Serica Energy has placed a five-year senior unsecured bond of US$300 million with a 7.875% coupon; the transaction was oversubscribed and settlement is scheduled for around 12 May 2026. A listing will be sought on Euronext ABM in Oslo. Net proceeds will be used to repay the reserve‑based lending facility and to bolster liquidity; after the issuance liquidity will be about US$675 million. » More on de.investing.com

Serica Energy has published its 2025 annual report and summoned the ordinary general meeting for 21 May 2026 at 14:00 BST in London. The report follows the already announced full-year results for the year ended 31 December 2025 and is available on the company website. The company operates several fields on the UK continental shelf and plans, in the second half of 2026, to acquire non‑operating interests in Catcher and the Golden Eagle Area, and in the third quarter of 2026 to buy operating and non‑operating assets from Spirit Energy, including stakes in Cygnus and Clipper South. » More on de.investing.com

Serica Energy reported a net loss of $52m for 2025 but beat analyst expectations thanks to strong hedging gains and an EBITDAX of $210m. Net debt of $200m is expected to more than halve in Q1 after a $56m payment from TotalEnergies; the acquisition of the Greater Laggan Area increases net production by >5,000 boe/d. The company announces a final dividend of 10 pence (together with the interim payment of 6 pence giving a payout of around $84m or about 7% yield) and confirms the 2026 production guidance of well over 40,000 boe/d with potential for >65,000 boe/d by the end of 2026. Capex and opex forecasts remain unchanged; the move from AIM to the London Stock Exchange Main Market is planned for Q3 2026. » More on de.investing.com