Gulf Keystone Petroleum Limited Earnings Recaps
Q2 2025
Aug 28, 2025
Gulf Keystone Petroleum reported a solid performance in H1 2025, with a 12% increase in production and a 13% rise in adjusted EBITDA, supported by disciplined capital management and strategic investments in operating capacity.
Key takeaways
- Gross average production rose to 44,100 barrels per day, driven by strong local demand.
- Adjusted EBITDA improved to $41 million, reflecting stronger volumes and a healthy average realized price of $27.80 per barrel.
- Returned to normal operations after a temporary shutdown in July, maintaining a track record of zero lost time incidents over 950 days.
- Declared a $25 million interim dividend, raising total dividends paid in 2025 to $50 million.
- Engaging with government stakeholders to restart exports through Iraq-Turkey pipeline, positioning for operational leverage and potential revenue growth.