Var Energi ASA (VARRY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Void and Ashi's second quarter 2026 results webcast. Today, we will cover both our second quarter results and the announced Blue Nord transaction. We will begin with the quarter results presentation, followed by a presentation of the proposed transaction. Following those presentations, we will open the line for questions. I'm also pleased to welcome Eoin Sherlow, CEO of Blue Nord, who will be joining us for the Q&A session. With that, let me hand over to our CEO, Nick Walker. Thank you Ida and good morning to you all and I hope you're having a nice summer break and thank you for taking time out for joining us today. We've had a very active quarter with lots to report on this morning. First we'll cover our second quarter results and then we'll review the Blue Nord transaction details and of course I'm pleased to have you and Sherlock with us who will make a few comments at the end and participate in the Q&A sessions. I'm pleased to report record financial results for the second quarter, supported by operational delivery as planned and high realized prices. We continue delivering strong momentum across Vought Energy, and I'm excited about the company's outlook. We're improving outcomes, increasing the pace of delivery, and optimizing the portfolio, which is increasing resilience and unlocking significant long-term value. And we're excited to announce today the combination of Vought Energy and Blue Nord, creating the largest independent producer of oil and gas in Europe. The combined business will have increased production target of around 450,000 barrels of oil equivalent per day and reinforces our role as a reliable and secure supplier of energy to Europe. Together we're creating a stronger, more diversified company with increase...