BlueNord Reports Q2 2026 Results and Declares Dividend
BlueNord ASA announced its financial results for the second quarter and first half of 2026. The company reported record net cash flow from operations and declared a cash dividend of $174 million for Q2.
OSLO, Norway – BlueNord ASA released its financial statements for the second quarter and first half of 2026 on July 9, 2026. The energy company reported record net cash flow from operating activities amidst market volatility and declared a $174 million cash dividend for the second quarter.
The company's results showed revenues of $277 million for the quarter and $594 million for the first half. EBITDA stood at $147 million for the quarter and $348 million for the first half. Net cash flow from operating activities reached a record $249 million in Q2, bringing the year-to-date total to $390 million.
In terms of production, BlueNord's net hydrocarbon output was 37.2 million barrels of oil equivalent (mboepd) in the second quarter. This reflects planned maintenance shutdowns at the Tyra and Gorm hubs. The Tyra hub, producing 19.3 mboepd, completed its scheduled June maintenance, and has since resumed production above 28 mboepd.
BlueNord issued a $400 million senior unsecured bond in May to refinance existing debt and improve terms. The company reported a strong liquidity position of $546 million at the end of the quarter. BlueNord intends to communicate a new dividend policy later this year.