ENOG H1 results: free cash flow up 36%, profit after tax up 45%
ENOG reported H1 free cash flow up 36% year-over-year and profit after tax up 45% despite an Israel production shutdown. Egypt concession merger unlocks improved terms and investment; Katlan project remains on track for H1 2027 first gas.
Strong H1 results with free cash flow up 36% and profit after tax up 45% year-over-year, despite a production shutdown in Israel. The Egypt concession merger is said to unlock improved terms and investment, while the Katlan project remains on track for H1 2027 first gas. Leverage is expected to decline after Katlan. Based on Ener…