Genel Energy shares find support as guidance remains intact

Genel Energy PLC (LSE:GENL, FRA:4VL, OTC:GEGYY) shares moved up on Wednesday, rising around 4%, after it told investors that 2026 guidance remains unchanged despite a fresh halt to production and drilling at Tawke, in Northern Iraq, as the oil producer pointed to a stronger cash position and a refinanced balance sheet after a disrupted 2025. Revenue fell to US$68.7 million from US$74.7 million as working interest production slipped to 17,520 barrels of oil per day from 19,650 bopd.