Gulf Keystone Targets Pivotal 2026 After Strong Year and Return to Kurdistan Exports

Gulf Keystone Petroleum ( (GB:GKP) ) has provided an announcement.

Gulf Keystone Petroleum reported a robust 2025 performance, with gross average production rising 2% to 41,560 barrels of oil per day, near the top of guidance, despite trucking and security disruptions in mid-year. The company successfully shifted from local trucking sales to pipeline exports via the Iraq–Türkiye Pipeline from late September, generating total 2025 cash receipts of $122 million, keeping operating costs low at $4.3 per barrel, and returning $50 million to shareholders in dividends while ending the year debt-free with $78 million in cash. For 2026, Gulf Keystone guides average production of 37,000–41,000 bopd, plans $40–$50 million of capex focused on maintaining base production, facility upgrades and installing water handling at PF-2 to support incremental volumes from 2027, and signals readiness to restart drilling later in 2026 contingent on continued export payments at international prices, while ongoing negotiations with the Kurdistan Regional Government over past arrears and longer-term export terms remain key for future cash flows and strategic positioning.

The most recent analyst rating on (GB:GKP) stock is a Hold with a £188.00 price target. To see the full list of analyst forecasts on Gulf Keystone Petroleum stock, see the GB:GKP Stock Forecast page.

Spark’s Take on GB:GKP Stock

According to Spark, TipRanks’ AI Analyst, GB:GKP is a Neutral.

Gulf Keystone Petroleum’s overall score reflects strong financial stability and positive corporate developments, tempered by valuation concerns and operational challenges. The company’s ability to sustain cash flow growth and navigate geopolitical risks will be crucial for future performance.

To see Spark’s full report on GB:GKP stock, click here.

More about Gulf Keystone Petroleum

Gulf Keystone Petroleum is an independent oil and gas exploration and production company focused on the Kurdistan Region of Iraq, where it operates and produces crude oil from the Shaikan field. Listed on the London Stock Exchange, the group positions itself as a leading regional operator, with low operating costs, a strong safety record and an active shareholder returns policy while also considering a potential additional listing on Euronext Growth Oslo.

Average Trading Volume: 502,113

Technical Sentiment Signal: Buy

Current Market Cap: £399.7M

See more data about GKP stock on TipRanks’ Stock Analysis page.