Deutsche Rohstoff said first-half revenue for 2026 reached EUR 110 million, a 7.5% increase compared with the same period a year earlier. The German oil and gas producer attributed the rise to higher realized oil prices and stronger production performance from recently added wells.
EBITDA for the six-month period expanded markedly, nearly tripling to EUR 205.2 million. A material factor in that increase was a EUR 128 million gain recorded on the partial disposal of the company’s stake in Almonty Industries. Operating cash flow for the period amounted to EUR 70 million.
Deutsche Rohstoff reported its average realized oil price climbed 18% to reach $78.4 per barrel, a development the company said helped lift top-line revenue. The producer also intensified its drilling programme in Wyoming; the company noted that new wells there produced above expectations.
Looking ahead, the company issued guidance for the remainder of 2026. For the second half of the year, Deutsche Rohstoff expects revenue in a range of EUR 190 million to EUR 210 million and projects average daily production of 24,000 to 26,000 barrels of oil equivalent per day during that period.
For the full year 2026, management set a revenue forecast of EUR 300 million to EUR 320 million and anticipates EBITDA between EUR 380 million and EUR 400 million.
Context and implications
The company’s half-year results show revenue growth supported by commodity price movements and by operational gains in its US drilling programme. The substantial year-to-date EBITDA improvement reflects both operational performance and the one-off accounting gain from the partial Almonty stake sale.
Deutsche Rohstoff’s guidance for H2 and full-year 2026 provides explicit ranges for revenue, production and EBITDA, indicating management has set expectations that incorporate both planned production levels and prevailing price assumptions.
Data points
- First-half revenue: EUR 110 million - up 7.5% year-over-year
- First-half EBITDA: EUR 205.2 million - nearly three times prior year
- Operating cash flow (H1): EUR 70 million
- Gain from partial Almonty Industries sale: EUR 128 million
- Average realized oil price: $78.4 per barrel - up 18%
- H2 2026 revenue guidance: EUR 190 million to EUR 210 million
- H2 2026 production guidance: 24,000 to 26,000 boe/d (average)
- Full-year 2026 revenue guidance: EUR 300 million to EUR 320 million
- Full-year 2026 EBITDA guidance: EUR 380 million to EUR 400 million
Bottom line
Deutsche Rohstoff’s H1 results reflect a combination of improved realized oil prices and stronger-than-expected output from new Wyoming wells, while a significant gain on the partial sale of an Almonty stake materially boosted EBITDA. Management has issued revenue, production and EBITDA ranges for the second half and for the full year 2026.