Energean cuts output guidance and dividend on conflict
The gas producer reduced its 2026 production forecast to 130-140 thousand boed after a 41-day shutdown of its Israeli operations. First-quarter net profit fell 65% as the company lowered its quarterly dividend to 10 cents per share.
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ENERGEAN PLC cut its 2026 production forecast to a range of 130,000 to 140,000 boed and slashed its quarterly dividend 66% to 10 cents per share. A 41-day shutdown of Israel operations caused a 65% drop in first-quarter net profit. Investors face reduced payouts as regional instability disrupts output from the producer's primary Mediterranean gas fields.
