Gulf Keystone shares rose 9.3% after the company reported first-half 2026 adjusted EBITDA of $51.7 million, up from $41.1 million a year earlier. Higher realized export prices and lower operating costs offset a 67% year-on-year decline in average gross production to 14,600 barrels of oil per day after security-related shutdowns at the Shaikan Field. Production restarted on August 16 and is approaching 40,000 barrels per day. Gulf Keystone remains debt-free, with $63.5 million in cash as of August 24, and declared a $10 million interim dividend payable on September 28.