Enquest /£ENQ

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About Enquest

EnQuest PLC is an independent British petroleum exploration and production company that was established in 2010. The company operates primarily in the UK North Sea and Malaysia, where it focuses on maturing and underdeveloped assets to optimize production. EnQuest PLC is listed on the London Stock, and the company is recognized for its efforts in enhancing oil recovery from existing oil fields while adhering to high standards of safety and environmental management.
Ticker
£ENQ
Sector
Energy
Primary listing
LSE
Employees
719
Headquarters
London, United Kingdom
Website
www.enquest.com

Enquest Metrics

BasicAdvanced
£499M
4.88
£0.05
0.03
£0.01
2.99%

What the Analysts think about Enquest

Analyst ratings (Buy, Hold, Sell) for Enquest stock.
Analyst projections of the future price of Enquest stock.

Bulls say / Bears say

The Malaysian transaction could more than double EnQuest’s scale, taking production above 100,000 boepd and 2P reserves to about 300 million boe. EnQuest says the enlarged portfolio should have unit production costs near $16 per boe, materially improving operating leverage if integration goes to plan. (EnQuest, EnQuest)
Underlying performance improved despite the Magnus outage: first-half production rose 8.6% to 41,544 boepd, operating cash flow rose 31% to $281.4 million and adjusted free cash flow increased 118% to $71.3 million. Adjusted EBITDA also grew 13% to $273 million. (EnQuest, Proactive Investors)
EnQuest is building growth outside the UK North Sea: South East Asian production rose 49% in the first half, helped by Seligi 1b gas brought onstream nine months early and Vietnam output. Refinancing reduced borrowing costs by 175 basis points, while cash and available facilities increased to $758.6 million, giving the group more room to fund its plans. (EnQuest, EnQuest)
The Malaysian acquisition is large relative to EnQuest’s existing balance sheet: maximum consideration is $833 million, including $554 million payable at completion. Net debt had already risen to $517 million by June from $433.9 million at December, so financing and integration still carry meaningful execution risk. (EnQuest, EnQuest)
A third-party infrastructure outage cut Magnus production by about 4,100 boepd and deferred a cargo worth roughly $60 million. EnQuest consequently reduced 2026 production guidance to 41,000–43,000 boepd from 41,000–45,000, highlighting the fragility of mature North Sea operations. (EnQuest, Baird Maritime)
Cost and tax pressure continue to weaken earnings quality: first-half operating costs rose 24.7% and unit operating costs rose 14.8%, while cash taxes included $23.7 million from the UK Energy Profits Levy. The levy helped reduce 2025 post-tax profit to just $1.6 million despite underlying profit of $125.5 million. (EnQuest, Reuters)
Data summarised monthly by Lightyear AI. Last updated on 19 Sept 2026.

Enquest Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Enquest Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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Market data provided by London Stock Exchange, through Infront.