Maurel & Prom H1 FY26 net income climbs 78% to $191 million; revenue rises 27% to $366 million

Reuters2026/08/06 05:30

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Maurel & Prom posted H1 2026 consolidated net income of USD 191 million, up 78%, with revenue rising 27% to USD 366 million.
EBITDA climbed 63% to USD 227 million, while operating income increased 64% to USD 161 million.
Free cash flow rose 21% to USD 77 million, with net cash improving to USD 257 million as of June 30, 2026.
Working interest production averaged 37,890 boepd; crude sales from Venezuela resumed following the issuance of OFAC General License 50A.
Signed an SPA on Aug. 4 to buy Gran Tierra’s Colombia and Ecuador assets for USD 1.33 billion, with closing expected around Dec. 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Établissements Maurel & Prom SA published the original content used to generate this news brief via Business Wire (Ref. ID: 202608060130BIZWIRE_USPR_____20260805_BW756296) on August 06, 2026, and is solely responsible for the information contained therein.

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.

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Maurel & Prom H1 FY26 net income climbs 78% to $191 million; revenue rises 27% to $366 million

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