Oil producer EnQuest maintains 2026 production outlook despite Mideast war, profit slump

EnQuest reported a 98.3% slump in annual post-tax profit while maintaining its 2026 production outlook. Management said the Middle East war has not caused material disruption to operations so far, which mitigates operational risk but does not offset the significant earnings decline.

Analysis

EnQuest reported a 98.3% slump in annual post-tax profit while maintaining its 2026 production outlook. Management said the Middle East war has not caused material disruption to operations so far, which mitigates operational risk but does not offset the significant earnings decline.