EnQuest

EnQuest reports an 18% rise in cash revenue to $609m for H1 2026, with adjusted EBITDA of $273m (+13%) and operating cash flow of $281m (+31%). Production rose to 12,500 boepd, and the full-year guidance was narrowed to 41,000–43,000 boepd. Completion of the large acquisition in Malaysia is planned for 31 December 2026; the acquired 57,000 boepd are expected to significantly boost production from 1 January 2027. The stock fell about 3.5%; analysts point to a high valuation (P/E ~65.7) and risks around integration, infrastructure and commodity prices. » Altro su de.investing.com

EnQuest lowered the top end of its 2026 production forecast from 45,000 to 43,000 boepd after a five-week outage on the Magnus field, caused by a third‑party malfunction, hit production. The company reported an adjusted pre-tax profit of $54.6m for H1 2026. The stock then fell about 4.9% to 26 pence, also weighed down by a weak market backdrop and sell‑offs in the North Sea sector. » Altro su de.investing.com

At the general meeting, EnQuest approved the planned acquisition of interests in four offshore production sharing contracts in Malaysia from PETRONAS CARIGALI with 99.97% of the votes. The maximum total consideration is $833 million. EnQuest expects the transaction to complete by 31 December 2026 with economic effect from 1 January 2027 and plans to relist its ordinary shares on the London Stock Exchange main market around 4 January 2027. » Altro su de.investing.com