Vaar Energi Raises Dividend as Profit Doubles
Vaar Energi increased its dividend after reporting a doubling in third-quarter operating profit to 2.21 billion dollars. The growth was driven by higher realized oil and gas prices during the period.
Vaar Energi lifted its third-quarter EBIT to $2.21B from $1.1B a year earlier, driven by high oil and gas prices. The Norwegian producer matched surging revenue with a dividend increase to $400M for both the third and fourth quarters. Strong cash generation supports the higher payout despite operational headwinds trimming full-year production guidance.
### Dividend Growth and Earnings The July-September EBIT doubled from the previous year, though it missed the average $2.26B forecast from a company-compiled poll of 10 analysts. CEO Nick Walker said in a statement that realized oil and gas prices underpinned the financial performance during the quarter. The company lifted its payout from $350M in the second quarter and $300M in the first quarter of 2026.
