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NewMed Energy (NWMD) investor relations material
NewMed Energy Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
2025 gas sales averaged 1.06 BCF/day (1,063 MMcf/d), totaling 10.9 BCM, with Q4 sales at 2.8 BCM and 1,093 MMcf/d, slightly above Q4 2024.
Major infrastructure projects, including Leviathan's third gathering line, were completed under budget, saving $90 million and increasing future capacity.
Dividend distribution for 2025 totaled $250 million, with a $70 million Q4 dividend, matching 2024.
Operations were impacted by regional conflict, causing temporary shutdowns, but the effect on 2026 earnings is currently immaterial.
Financial highlights
2025 revenues were $1,094 million, with net profit declining to $343 million from $524 million in 2024.
Q4 2025 net income was $17 million (some reports state $120 million), mainly due to lower Brent prices and a $76 million impairment from the Vinekh-1 well.
Average realized gas price dropped to $5.58/MMBtu in 2025 from $6.12/MMBtu in 2024.
Production volume fell to 10.9 BCM from 11.2 BCM year-over-year, mainly due to shutdowns.
Outlook and guidance
Production capacity is set to rise to 1.4–1.45 BCF/day immediately and up to 2.1 BCF/day (21 BCM/y) by 2029 after Leviathan expansion.
Regional export capacity expected to reach 1,625 MMcf/d by 2028 with new pipeline projects.
Aphrodite project FEED to be completed in 2025, with FID targeted by year-end, pending agreements.
Krum prospect drilling underway, with results expected soon.
- Net profit rose to $525M on record production, with major expansion and export plans advancing.NWMD
Q4 202417 Feb 2026 - Q3 2025 saw 3.1 BCM gas sales, $128.5M net profit, and $60M dividend distribution.NWMD
Q3 202517 Feb 2026 - Leviathan expansion boosts capacity, financials, and renewables, while debt and LTV decline.NWMD
Status update9 Feb 2026 - Q1 2025 net profit was $116.4M, with strong revenues, project progress, and active capital management.NWMD
Q1 20253 Feb 2026 - Q2 net profit hit $137M as gas output, prices, and expansion projects advanced.NWMD
Q2 20242 Feb 2026 - Record profit and production growth, with strong sales despite war-related project delays.NWMD
Q3 202413 Jan 2026 - Q2 2025 profit fell on production halts, but new gas deals and expansion support growth.NWMD
Q2 202523 Nov 2025
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