Nostrum Oil & Gas (NOG) Q3 2026 TU earnings summary

Operating performance

• Average daily processed volumes rose 13.3% YoY to 26,724 boepd; titled output increased 12.8% to 18,383 boepd, supported by higher Ural O&G feedstock processing and well workovers.

• Average daily sales volumes increased 14.8% YoY to 16,455 boepd.

• Titled output mix: dry gas 11,248 boepd, up 21.0% YoY; LPG 3,510 boepd, up 15.5%; crude oil 1,941 boepd, down 19.2%.

• Planned GTU 3 maintenance finished in June on schedule and without cost overruns; Oil Treatment Unit and GTU 1/2 maintenance took place in late September and early October.

Financial performance

• 9M 2026 revenue estimated at $115m vs $85.5m YoY, driven by higher export and sales volumes and stronger Brent; average Brent price was $93.34/bbl vs $70.95/bbl.

• Free cash flow was approximately $26m, excluding the $13.5m buyer security deposit.

• Unrestricted cash was over $170m at 30 September 2026, excluding the security deposit, vs $143.3m at 31 December 2025 and $154.4m at 30 June 2026.

• June interest payments totaled $25.2m, including $15.6m funded from the DSRA.

Safety and ESG

• Zero employee and contractor fatalities in 9M 2026; total recordable incident rate was 2.8 per million man-hours vs 0.81 YoY, and lost-time injury rate was 1.7 vs zero.