In the first quarter of 2026, NOVATEK increased its hydrocarbon production by 3.3% compared to a year earlier. This is stated in the company's message.
Hydrocarbon production amounted to 174.7 million barrels of oil equivalent (boe), including 22.03 billion cubic meters of natural gas and 3.62 million tons of liquid hydrocarbons (gas condensate and oil).
The volume of natural gas sales, including LNG, amounted to 21.3 billion cubic meters, which is 1% lower than a year earlier.
The volume of deethanized gas condensate processing decreased by 0.5% and amounted to 3.4 million tons. The volume of stable gas condensate processing decreased by 5.8% and amounted to 2 million tons.
The volume of sales of liquid hydrocarbons fell by 6.3% and amounted to 4.2 million tons.
PJSC NOVATEK is an independent producer of natural gas in Russia. Established in 1994, the company is engaged in the exploration, production, processing and sale of gas and liquid hydrocarbons. NOVATEK's fields and licensed areas are located primarily in the Yamalo-Nenets Autonomous Okrug.
The profit attributable to the shareholders of PJSC NOVATEK in 2025 fell 2.7 times to 183.03 billion rubles from 493.49 billion rubles a year earlier. The normalized profit attributable to the shareholders of PJSC NOVATEK, excluding the effect of exchange differences, amounted to 207 billion rubles. compared to 553 billion rubles . Sales revenue decreased by 6.5% to 1.44 trillion rubles from 1.5 trillion rubles. As a result, tax deductions decreased by 16% or 48 billion rubles. Normalized EBITDA decreased by 14.7% to 859.3 billion rubles (1 trillion rubles).
