Why did Energean cut its 2026 production and dividend forecast?

Energean cut its 2026 production forecast and dividend due to a 41-day shutdown of its Israeli operations, which negatively impacted first-quarter results; the shutdown was imposed by Israel's Ministry of Energy in late February and lifted on April 9, after which production resumed and returned to full capacity within 48 hours.

What are Energean's revised 2026 production targets, and how do they compare to the previous forecast?

Energean now expects full-year 2026 output of 130–140 thousand barrels of oil equivalent per day (boed), down from its prior forecast of 140–150 thousand boed; specifically, its Israel production outlook was reduced to 98–104 thousand boed from 108–114 thousand boed.

Energean Cuts 2026 Output Forecast After Mideast War Halts Production

May 19, 2026

Energean cut its 2026 production forecast to 130-140 thousand boed after a 41-day Israel operation shutdown caused by the Mideast war. Full capacity is expected to resume within 48 hours following the directive lift.

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