Kistos Holdings PLC Navigates H1 Challenges

Kistos PLC (GB:KIST) has released an update.

Kistos Holdings PLC reports a mixed interim performance for H1 2024 with a marginal production decrease to 8,400 boepd from 9,200 boepd in the previous year, primarily due to unplanned shutdowns, though some operations exceeded expectations. Revenue and EBITDA saw a decline reflecting lower commodity prices, and despite a net debt of $175 million, the company completed strategic acquisitions, including EDF’s gas storage assets. Looking ahead, Kistos remains focused on operational excellence and strategic acquisitions to enhance shareholder value, with full-year production guidance set at 7,500-8,500 boepd.

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