Energean plc (EERGF) Q2 2026 Earnings Call Transcript

SA Transcripts 162.13K Followers Follow Energean plc ( EERGF ) Q2 2026 Earnings Call September 9, 2026 3:30 AM EDT Company Participants Matthaios Rigas - CEO & Director Panagiotis Benos - CFO & Executive Director Conference Call Participants Werner Riding - Peel Hunt LLP, Research Division David Round - Stifel, Nicolaus & Company, Incorporated, Research Division Alice Bergier Winograd - Morgan Stanley, Research Division James Carmichael - Joh. Berenberg, Gossler & Co. KG, Research Division Mark Wilson - Jefferies LLC, Research Division Presentation Operator Good morning, ladies and gentlemen, and welcome to the Energean Half Year 2026 Results Call. [Operator Instructions] I will now hand over to Energean's CEO, Mathaios Rigas. Please go ahead. Matthaios Rigas CEO & Director Good morning, everyone, and thank you for joining our half year results call today. If we may start with the first slide of the presentation, please. So I would like to start with some introductory remarks. I will hand over to Panos to go through our financial results, and then I'll pick up again to go through our operations and business outlook. First half was a very strong half for Energean. We're entering the second half of '26 from a position of real strength. Free cash flow is up 36%. Profits after tax up, net debt down and all while we're in the peak of our investment program of Katlan. The first half, obviously, we saw the shutdown due to the security issues in Israel, but that's behind us. We're already exceeding 180,000 barrels of oil equivalent production in August. All our operations are doing extremely well. Israel, we're seeing strong gas demand. Oil production is up following the second oil train that we completed and all our business units are performing at or above expectations. Egypt that I will focus on a lot more today. We have a new investment program that I will