Story details
Dana Gas announced first-half 2026 net profit of AED 393 million, equivalent to USD 107 million, on 7 August. The figure rose 47% year on year but included a one-off gas-metering reconciliation of AED 176 million. Excluding that item, profit was AED 217 million. The reconciliation relates to earlier Khor Mor deliveries and should not be interpreted as gas newly produced during the reporting period.
Revenue increased 51% to AED 946 million; excluding the one-off item, the increase was 23%. Average group production was 52,900 barrels of oil equivalent per day, broadly level with 52,750 a year earlier. Egypt output rose 7% to 13,300 boepd, while Kurdistan averaged 39,600 boepd, down 2%. Security disruption constrained utilization of the additional processing capacity, distinguishing installed capability from actual operating volumes.
In Egypt, the company drilled three new wells and recompleted one during the half year. It planned four further wells before year-end. The source describes estimated gas resources identified through drilling, but future potential should not be converted into reserves already developed. It also says overdue Egyptian receivables had been settled and payments were continuing in full and on time, an important commercial condition for further investment.
For well-industry analysis, the results connect drilling activity, production, collections and accounting effects. The large reported profit increase needs the reconciliation context, while regional volumes need their distinct operating bases. The company did not publish precise coordinates or a complete production history for each new well. Subsequent drilling and financial updates will be needed to assess the planned work and underlying performance without the one-off item.