Overview
- Oil & Gas Development Company Limited reported consolidated profit of Rs73.02 billion for 1HFY26, with earnings per share at Rs16.98 on net sales of Rs192.83 billion.
- The board declared a second interim cash dividend of Rs4.25 per share, taking cumulative interim payouts to Rs7.75 per share and marking the company’s highest-ever second quarterly dividend.
- Management cited production curtailments by SNGPL and Uch Power and a softer crude oil basket price as key drags, partially offset by higher realised gas prices and favourable exchange-rate moves.
- Average daily net saleable output was 31,848 barrels of oil, 626 mmcf of gas and 636 tons of LPG, with curtailments reducing daily volumes by 3,384 barrels of oil, 152 mmcf of gas and 51 tons of LPG.
- Operationally, OGDC drilled five wells, made four discoveries, commissioned Jhal Magsi (around 14 mmcfd), completed the Dakhni Compression Project early, improved collections (gas 156%, overall 125%), contributed Rs120 billion to the exchequer and delivered estimated $1.4 billion in import-substitution savings.