Capricorn Energy PLC Unsponsored ADR ( (CRNCY) ) has released its Q2 earnings. Here is a breakdown of the information Capricorn Energy PLC Unsponsored ADR presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Capricorn Energy PLC, a cash flow-focused energy producer, operates primarily in the Western Desert with a portfolio of onshore development and production assets. In its latest half-year report for 2025, Capricorn Energy PLC highlighted its solid operational performance, with the company on track to meet its annual production guidance. The company has made significant strides in its Egypt portfolio, achieving key milestones that are expected to unlock substantial value and increase future production and reserves. Financially, Capricorn reported revenue of $59 million from its Egyptian operations, with a realized oil price of $73.6 per barrel and gas price of $3 per mscf. The company maintained a stable receivables balance and anticipates receiving at least $90 million in the second half of 2025. Operating costs were reported at $5.1 per boe, and the company ended the period with a net cash position of $32 million. Looking ahead, Capricorn Energy PLC remains focused on expanding cash flow through diversification and is actively evaluating M&A opportunities in the UK North Sea and the MENA region. The company is well-positioned for growth, with expectations of increased production and reserves following the anticipated ratification of a new concession agreement in Egypt.