REG - Energean PLC - 9-Months 2025 Production and Adjusted EBITDAX

EnergeanAnnouncement

27/10/2025 10:30

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RNS Number : 9454E  Energean PLC  27 October 2025

 

Energean plc

("Energean" or the "Company")

 

9-Months 2025 Production and adjusted EBITDAX

London, 27 October 2025 - Alongside today's announcement of the launch of an
offering of €400 million senior secured notes, Energean plc (LSE: ENOG,
TASE: א) is pleased to provide an update on recent performance for Energean
together with its subsidiaries on a consolidated basis (the "Group") in the
9-months to 30 September 2025. Energean's Q3 Trading Statement &
Operational Update is planned for release at the end of November 2025 as
usual.

·      Increase in production quarter-on-quarter, with Group output
rising 35% to average 176 kboed in Q3 2025 compared to 131 kboed in Q2 2025.

o  Strong production performance in August 2025 continued into September
2025, with Group output averaging 178 kboed across both months. This reflects
robust summer gas demand in Israel, where production averaged 140 kboed during
the same period.

·      Average production for the nine months ended 30 September 2025
was 151 kboed (85% gas), in line with full year guidance of 145-155 kboed,
compared to 156 kboed (83% gas) for the nine months ended 30 September 2024.

o  Production for the period was down year-on-year due to the temporary
suspension of production in Israel in June 2025.

·      Adjusted EBITDAX was $828 million for the nine months ended 30
September 2025, compared to $894 million for the nine months ended 30
September 2024.

o  This was primarily driven by lower sales in Israel, impacted by the
planned shutdown for essential works for the second oil train development in
March 2025 in addition to the Ministry-ordered suspension of production for
security reasons in June 2025, and lower Brent prices.

                                                    Nine-months to 30 September 2025  Nine-months to 30 September 2024  Increase/ (Decrease) %
 Average daily working interest production (kboed)  151                               156                               (3%)
 Adjusted EBITDAX ($m)                              828                               894                               (7%)

 

                            Nine-months to 30 September 2025  Nine-months to 30 September 2024  % change

 Israel (kboed)             109                               115                               (5%)

                            (inc. 4.0 bcm of gas)             (inc. 4.2 bcm of gas)
 Rest of portfolio (kboed)  42 (inc. 29 in Egypt)             41 (inc. 31 in Egypt)             2%
 Total production (kboed)   151                               156                               (3%)

 

Enquiries

 

 Kyrah McKenzie, Investor Relations Manager                         Tel: +44 (0) 7921 210 862
 ir@energean.com (mailto:ir@energean.com)
 Eliana Fishler, Group Head of Communications & Public Affairs      Tel: +972 (0) 54 434 2040
 efishler@energean.com (mailto:efishler@energean.com)

Forward looking statements

This announcement contains statements that are, or are deemed to be,
forward-looking statements. In some instances, forward-looking statements can
be identified by the use of terms such as "projects", "forecasts", "on track",
"anticipates", "expects", "believes", "intends", "may", "will", or "should"
or, in each case, their negative or other variations or comparable
terminology. Forward-looking statements are subject to a number of known and
unknown risks and uncertainties that may cause actual results and events to
differ materially from those expressed in or implied by such forward-looking
statements, including, but not limited to: general economic and business
conditions; demand for the Company's products and services; competitive
factors in the industries in which the Company operates; exchange rate
fluctuations; legislative, fiscal and regulatory developments; political
risks; terrorism, acts of war and pandemics; changes in law and legal
interpretations; and the impact of technological change. Forward-looking
statements speak only as of the date of such statements and, except as
required by applicable law, the Company undertakes no obligation to update or
revise publicly any forward-looking statements, whether as a result of new
information, future events or otherwise. The information contained in this
announcement is subject to change without notice.

 

 

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