Genel Energy H1 2026 operating loss widens to $15.3 million; revenue drops 62.57% to $13.4 million
Reuters2026/08/04 06:03- Genel Energy swung to a $17.4 million loss attributable to shareholders, from a $0.6 million profit a year earlier.
- Revenue fell 62.6% to $13.4 million as working-interest production dropped to 6,600 bopd from 19,600 bopd.
- Operating loss widened to $15.3 million from $2.5 million; free cash flow turned to a $25.4 million outflow from a $4.7 million inflow.
- Net cash slipped to $108.1 million from $134.4 million; cash was $199 million with $92 million of bond debt due in 2030.
- Genel agreed a recommended all-cash offer for Capricorn Energy valuing it at about $360 million; shareholder vote is expected on Aug. 18.
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