Kistos (LSE:KIST) reported first-half 2026 pro-forma EBITDA of approximately $205 million, with production reaching 20,800 barrels of oil equivalent per day.
The energy company attributed its financial performance in part to commodity prices and higher production. Kistos operated on a fully unhedged basis during the period.
Cash and near-cash resources increased to $259 million, while adjusted net debt declined to $23 million ahead of the completion of the group’s acquisitions in Oman.
Kistos Maintains Full-Year Production Guidance
Kistos reported stable production across its portfolio during the period and maintained its full-year pro-forma production guidance of between 19,000 and 21,000 barrels of oil equivalent per day.
In Norway, the group sanctioned the Balder Next New Wells project. Kistos also reported a reserves replacement ratio of 120% following development activity across its portfolio.
The company completed its acquisition of Oman Blocks 3&4 and expects to complete its Block 9 transaction. It has also undertaken refinancing of bonds at the holding-company level.
The Oman transactions form part of Kistos’ plans to expand its upstream portfolio.
Kistos Operations
Kistos is a London-listed independent energy company with upstream oil and gas interests in Norway, the UK, the Netherlands and Oman.
The group also operates a gas storage business and has activities spanning upstream production and midstream infrastructure.
Leave a Reply