Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
The latest update is out from DNO ASA ( (GB:0MHP) ).
DNO ASA reported a sharp improvement in first-quarter 2026 results, as record North Sea output and higher March oil and gas prices lifted revenues 30 percent to USD 627 million and operating profit 60 percent to USD 284 million, while net profit reached USD 51 million despite lower Kurdistan volumes. The company’s net production averaged 131,700 boepd, with the North Sea more than offsetting curtailed Middle East flows, supporting free cash flow of USD 146 million, an 11 percent reduction in net debt and the continuation of its dividend payout.
Operationally, DNO is accelerating its North Sea growth strategy toward a 100,000 boepd target by 2030, swapping non-core finds for a 19 percent stake in the large Atlantis discovery, increasing its Vega interest to 8.8 percent and bringing first wells at the Symra field onstream nine months early. The company has four new North Sea fields scheduled to start up between 2026 and 2029, nine discoveries heading for project sanction and a six‑well 2026 exploration and appraisal program, while in Kurdistan it has restarted limited field work and drilling to prepare for higher Tawke and Peshkabir production once security and market conditions improve.
The strong cash generation underpins DNO’s balance sheet and shareholder returns, with the board maintaining a quarterly dividend of NOK 0.375 per share and total dividends since 2021 nearing USD 500 million, alongside share buybacks. For stakeholders, the results highlight a strategic shift toward lower‑risk North Sea hubs to offset geopolitical disruptions in the Middle East, while preserving upside through resumed investment in Kurdistan pending improved security and export routes.
The most recent analyst rating on (GB:0MHP) stock is a Sell with a NOK11.10 price target. To see the full list of analyst forecasts on DNO ASA stock, see the GB:0MHP Stock Forecast page.
More about DNO ASA
DNO ASA is a Norwegian oil and gas operator with activities in the North Sea, the Middle East and West Africa, spanning onshore and offshore licenses across exploration, development and production. Founded in 1971 and listed in Oslo since 1981, it holds positions in Norway, the Kurdistan region of Iraq, the United Kingdom, Côte d’Ivoire and Yemen, with a growing strategic focus on North Sea hub developments.
Average Trading Volume: 5,385,232
Current Market Cap: NOK19.26B
See more data about 0MHP stock on TipRanks’ Stock Analysis page.