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The UAE-based Dana Gas PJSC, the region’s largest private sector natural gas company, reported a second-quarter net profit of $30 million, down from $34 million a year earlier.
The decline was primarily attributed to lower realised hydrocarbon prices and production drops in Egypt.
The Q2 profit came in below analysts’ mean estimate of $39 million, according to LSEG data.
Quarterly revenue plunged to $73 million, compared to $267 million in the same period last year.
For the first half of 2025, Dana Gas posted a net profit of $73 million, marking a 1% increase year-on-year.
Revenue for H1 stood at $171 million, down from $190 million in H1 2024.
(Writing by Brinda Darasha; editing by Bindu Rai)
