Newmed Energy Limited Partnership ( (DKDRF) ) has released its Q2 earnings. Here is a breakdown of the information Newmed Energy Limited Partnership presented to its investors.
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NewMed Energy Limited Partnership is a company primarily engaged in the exploration, development, production, and marketing of natural gas, condensate, and oil, operating in Israel, Cyprus, Bulgaria, and Morocco, with a focus on increasing natural gas sales and exploring renewable energy opportunities. In its latest earnings report, NewMed Energy announced a profit distribution of $60 million and highlighted the impact of military operations in Q2 2025, which led to a temporary halt in natural gas production from the Leviathan reservoir. The company’s comprehensive income for the period was $197.4 million, a decrease of 23.5% compared to the previous year, mainly due to reduced revenues from natural gas and condensate sales. Despite the challenges, NewMed Energy continued to secure new agreements for natural gas supply, including deals with Jordan and Egypt, and maintained its credit ratings, reflecting resilience amid geopolitical tensions. Looking forward, the company remains focused on resuming full production and exploring additional opportunities in renewable energy and hydrogen projects, while navigating the uncertainties posed by regional conflicts.