Horizon Oil Limited Q2 2026 Earnings Recap

Horizon Oil Limited demonstrated robust operational and financial resilience in H1 FY26, achieving significant production growth and maintaining strong cash flows despite a challenging oil price environment.

Key Takeaways

• Production and sales volumes rose by 26% and 25%, respectively, benefiting from the integration of Thailand assets.
• Underlying revenue reached $54.2 million, with EBITDAX of $28.6 million, maintaining stability despite a 15% drop in realized oil prices.
• Cash flow from operating activities increased by 37% to $25.1 million, reflecting effective cost management and operational performance.
• The Board declared an interim dividend of AUD 0.015 per share, marking six consecutive years of shareholder distributions.
• Horizon's strategic asset diversification, driven by the Thailand acquisition and Maari permit extension, enhances portfolio longevity and growth opportunities.