Gas prices are linked with a assured fee of return on belongings. Due to this fact, the initiation of latest schemes supplies extra incentives to the general public gas utilities on account of enhance in prices. photograph: file
ISLAMABAD:
Oil & Gas Growth Firm Restricted (OGDC) posted web gross sales income of Rs192.830 billion and profit after tax of Rs73.019 billion, translating into earnings per share (EPS) of Rs16.98, for half 12 months ended December 31, 2025.
The board of administrators of the exploration and manufacturing firm, in its assembly held on Monday, introduced the outcomes and declared a second interim money dividend of Rs4.25 per share (42.50%), marking the highest-ever second quarterly dividend within the firm’s historical past. This brings the cumulative interim dividend for half 12 months to Rs7.75 per share.
The six-month outcomes mirrored the affect of compelled manufacturing curtailments by Sui Northern Gas Pipelines Restricted (SNGPL) and Uch Energy as a consequence of system load constraints together with a decrease common crude oil basket value. Nonetheless, the affect was partly offset by higher realised gas prices and beneficial change fee actions.
Through the interval below evaluate, the corporate contributed Rs120 billion to the nationwide exchequer by means of company tax, dividends, royalties and different authorities levies.
Its oil and gas manufacturing generated estimated international change financial savings of $1.4 billion by means of import substitution. Common day by day web saleable manufacturing in the course of the half 12 months stood at 31,848 barrels of crude oil, 626 million cubic toes (mmcf) of pure gas and 636 tons of liquefied petroleum gas (LPG) in contrast with 31,477 barrels, 672 mmcf and 629 tons, respectively, within the corresponding interval of final 12 months. Manufacturing curtailments in the course of the six-month interval adversely affected day by day web output by 3,384 barrels of oil, 152 mmcf of gas and 51 tons of LPG.
Operationally, OGDC drilled 5 wells, whereas sustained exploration efforts resulted in 4 oil and gas discoveries, additional strengthening the corporate’s useful resource base. The corporate additionally secured petroleum exploration rights over eight offshore blocks within the October 2025 bidding spherical.
On the event entrance, the Jhal Magsi undertaking was commissioned and is at the moment producing round 14 mmcfd of gas together with condensate, whereas the Dakhni Compression Venture was accomplished forward of schedule. Different key compression tasks are progressing as deliberate.
The affect on gross sales income, amounting to Rs36.468 billion, primarily as a consequence of decrease manufacturing volumes and diminished realised crude oil and LPG prices, was partially offset by higher realised gas prices and change fee actions. Collections improved considerably, with gas receivables assortment reaching 156% and general receivables assortment standing at 125%, reversing the earlier buildup development.
