NewMed Energy - Limited Partnership (NWMD) Earnings Call Transcripts

NewMed Energy - Limited Partnership's Latest Earnings Call - Q1 FY2026

In Q1 2026, NewMed Energy reported revenues of approximately $164 million, significantly down from $288 million in Q1 2025, primarily due to a 33-day operational shutdown and lower natural gas prices. The company recorded a net profit of $0.1 million, a stark decline from $116 million year-over-year. Management highlighted a potential upside of $330 million in income for the year, driven by higher Brent prices and increased production capacity from the Leviathan platform, which has been updated to 1.53 Bcf per day. The company maintained a $60 million dividend while keeping debt levels low, signaling a commitment to shareholder returns amid ongoing investments in growth projects.

Reported metrics

Guidance from management

Management indicated a positive outlook for 2026, projecting an increase in revenues due to higher Brent prices and improved production capacity, with potential adjustments to forecasts in the coming months.

What management said

Thank you, Tzachi. Before we will go to questions, just one thing on the dividend. Again, in parallel to keep investing in Leviathan second phase, Aphrodite and exploration [ on ], we are keeping a very, I would say, a stable level of debt in end. We [indiscernible] dividend. So we announced $60 million, which is, again, I would say, how the standard. And we would like to continue [indiscernible] dividends in paralle...

Another question that we have with regards to the third -- to the third gathering line and our ability to use that gas in order to sell future mutual sales to neighboring countries. So can you please talk about the use of the gathering line capacity into the midstream [indiscernible]?

What analysts pressed on

Analysts expressed concerns regarding the impact of the operational shutdown on future performance and the ability to recover lost production. There were also inquiries about the sustainability of revenue growth amid fluctuating gas prices and geopolitical risks in the region.

Main topics on the call

• Operational Shutdown Impact — The 33-day operational shutdown during the war with Iran significantly impacted revenues, reducing them by approximately $76 million. Management stated, "This reduced revenues by approximately $76 million," indicating th...
• Production Capacity Increase — NewMed has increased its production capacity from the Leviathan platform to 1.53 Bcf per day, up from the previously estimated 1.4 Bcf per day. Management noted, "This is a great upside that we didn't take into considera...
• Revenue Guidance Update — Management provided an optimistic revenue outlook, projecting an additional $330 million in income due to higher Brent prices, stating, "We are basically seeing more today, but this analysis is based on a $90 Brent price...
• Dividend Maintenance — The company announced a $60 million dividend, consistent with previous distributions, while maintaining a low debt level. Management emphasized, "We are keeping a very stable level of debt in end," indicating a balanced ...

Read the full NewMed Energy - Limited Partnership transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 11 NewMed Energy - Limited Partnership earnings call transcripts on record, spanning September 29, 2022 to August 13, 2026. Based on this history, NewMed Energy - Limited Partnership reports semi-annually. The most recent call on file is dated August 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

NWMD

Exchange

TASE

Country

IL

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

11

First call

September 29, 2022

Most recent

August 13, 2026

Reporting cadence

semi-annually