Enquest (GB:ENQ) has released an update.
EnQuest PLC reported a steady performance for the first half of 2024, maintaining strong uptime across its portfolio and reducing net debt to $321 million, despite lower production volumes due to minor operational delays. The company generated a profit after tax of $30.3 million, contrasting with a loss in the previous year, and continued its share buyback program. EnQuest remains committed to its growth strategy, focusing on transformative UK acquisitions and opportunities in South East Asia, while managing the impacts of the Energy Profits Levy on the UK energy sector.
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