Seplat Energy 6M 2026 net income swings to USD 164 million; revenue rises 30% to USD 1.82 billion
Reuters2026/07/30 06:17- Seplat Energy posted 6M 2026 net income of USD 164 million, up 498% year over year; EPS rose to USD 26.6 cents, up 565%.
- Revenue climbed 30% to USD 1.82 billion on an average realised oil price of USD 94.13/bbl, a USD 7.47/bbl premium to Brent.
- Adjusted EBITDA increased 28% to USD 938.6 million; free cash flow rose 35% to USD 526.4 million.
- Net debt fell 45% since FY 2025 to USD 370.7 million; net leverage improved to 0.25x net debt/EBITDA from 0.53x.
- 2Q dividend lifted to USD 12 cents a share; Seplat targets USD 45 cents for 2026, with a USD 23.3 cents transaction payout planned.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Storage Giant Offers Huge Bonuses Again: Micron Awards Up to 68 Months’ Bonus
Micron Technology has announced record-breaking bonuses for its employees in Taiwan, ranging from 35 to 68 months’ salary, with a minimum cash compensation of 1.7 million New Taiwan dollars. However, the Taoyuan union, representing about two-thirds of Micron’s workers in Taiwan, has refused to accept the offer, insisting that 15% of operating profits be included in the bonus distribution and maintaining the threat of a strike.
Dogecoin ETF Closure Sets October Exit for Bitwise BWOW Holders
Crypto prices
More
