Deutsche Rohstoff H1 EBITDA surges, helped by Almonty sale gains, higher oil prices

Deutsche Rohstoff AG

19/08/2026 06:39

Overview
Germany oil and gas producer's half-year revenue rose 7.5% yr/yr to EUR 110 mln
EBITDA for H1 2026 nearly tripled to EUR 205 mln, boosted by Almonty stake sale gain
Company expects production and revenue to rise sharply in H2 2026

Outlook
Company expects second-half 2026 revenue of EUR 190 mln to EUR 210 mln
Deutsche Rohstoff sees average daily production of 24,000 to 26,000 BOEPD in H2 2026
Company forecasts 2026 revenue of EUR 300 mln to EUR 320 mln and EBITDA of EUR 380 mln to EUR 400 mln

Result Drivers
ALMONTY SALE - Partial disposal of Almonty Industries shares contributed EUR 128 mln gain to results
HIGHER OIL PRICES - Average realized oil price increased 18% to USD 78.4 per barrel, boosting revenue
DRILLING PROGRAM EXPANSION - Increased scale of drilling in Wyoming and new wells produced above expectations

Company press release: ID:nEQbTxy6Sa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 110 mln
 
H1 EBITDA
 
EUR 205.2 mln
 
H1 Operating Cash Flow
 
EUR 70 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas exploration and production peer group is "strong buy."
Wall Street's median 12-month price target for Deutsche Rohstoff AG is €87.50, about 6.8% below its August 18 closing price of €93.90
The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 3 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)