Wintershall Dea, Europe’s leading independent gas and oil company, today reported on its Q2 2021 results:
Operational performance was strong, with Q2 production of 613 mboe/d, despite significant planned maintenance. As a result, H1 production was 636 mboe/d, on track to achieve tightened full year guidance of 630-640 mboe/d.
Financial performance was also robust, with EBITDAX up 140% year-on-year at €636 million and adjusted net income up 93% year-on-year at €168 million. Having reduced net debt by over €2 billion year-on-year, Wintershall Dea has brought its leverage back to within its target range of 1.7x.
Following a high performing Q1,
Operational performance was strong, with Q2 production of 613 mboe/d, despite significant planned maintenance. As a result, H1 production was 636 mboe/d, on track to achieve tightened full year guidance of 630-640 mboe/d.
Financial performance was also robust, with EBITDAX up 140% year-on-year at €636 million and adjusted net income up 93% year-on-year at €168 million. Having reduced net debt by over €2 billion year-on-year, Wintershall Dea has brought its leverage back to within its target range of 1.7x.
Following a high performing Q1,
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