Norway's DNO 2025 revenue misses estimates, reports loss

DNO ASA

05/02/2026 06:14

Overview

Norwegian oil and gas operator's 2025 revenue doubled yr/yr but missed analyst expectations

Company reported net loss of USD 25 mln for 2025

Company restarted drilling in Kurdistan, expanding North Sea portfolio

Outlook

DNO projects 2026 net production to rise 10% to 150,000 boepd

Company plans USD 1,650 mln operational spend in 2026

DNO aims to access export markets later in the year

Result Drivers

ACQUISITION BOOST - DNO's revenue doubled in 2025 due to the acquisition of Sval Energi Group AS, enhancing production and cash flow

KURDISTAN DRILLING - Co restarted drilling in Kurdistan with a multi-rig program to boost production and reserves

NORTH SEA EXPANSION - DNO expanded its North Sea portfolio with new field developments and license awards, aiming for growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
$1.47 bln
$1.59 bln (7 Analysts)
FY Net Income
-$25.20 mln
FY EBIT
$512.80 mln
FY Free Cash Flow
-$37.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for Dno ASA is NOK17.00, about 5.3% above its February 4 closing price of NOK16.15

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 4 three months ago

Press Release: ID:nGNEb4nFj5

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)