OKEA Reports Q3 Net Profit of $29 Million, Raises 2026 Production Guidance
OKEA reported total cash of USD 476 million and narrowed and lifted its 2026 production guidance to 31–32 kboepd, citing improved production and operational efficiency. It plans to resume quarterly dividends with a NOK 2.00-per-share distribution scheduled for December; Bestla development is ahead of its original schedule.
In its interim report for the third quarter of 2026, OKEA ASA announced a net profit of USD 29 million and reported that total cash reached USD 476 million. Driven by improved production and operational efficiency, the company has narrowed and lifted its 2026 production guidance to 31—32 kboepd. Additionally, OKEA plans to resume quarterly dividend payments, with a distribution of NOK 2.00 per share scheduled for December. The company also noted that the development of the Bestla field is currently ahead of its original schedule.