Kistos (KIST) Q3 2026 TU earnings summary

Executive summary

• 9M 2026 pro forma production was ~20,000 boepd; FY26 guidance maintained at 19,000–21,000 boepd.

• Pro forma EBITDA was estimated at ~$280 million for 9M, including ~$75 million from Oman; growth advanced with completion of the Blocks 3 & 4 acquisition.

Financial highlights

• 9M pro forma EBITDA estimate was ~$280 million; Q3 EBITDA was lower QoQ due to inventory build-up and reduced production during planned summer turnarounds.

• Average realised prices excluding Oman were $95/bbl for oil and 113p/therm for gas, reflecting unhedged exposure to elevated prices.

• Cash and near cash was $165 million at 30 September, versus $259 million at 30 June; adjusted net debt was $101 million, versus $23 million.

Outlook and guidance

• FY26 pro forma production guidance maintained at 19,000–21,000 boepd.

• Block 9 acquisition completion was anticipated in Q4 2026; the operator added a fifth drilling rig following revised EPSA terms effective 1 July.

• Blocks 3 & 4 production was close to plan, supported by new oil from Safi and AGW; Block 9 completion was expected by year-end.