Atlantic Petroleum reports DKK 2.9 million Q2 net loss as debt restructuring nears completion

  • Atlantic Petroleum reported a DKK 2.9 million net loss for the second quarter of 2026.
  • DKK 98.3 million will be removed from total debt after Betri Banki receives payment.
  • Permanent Orlando production losses led to an impairment of related assets and increased production needs.

Atlantic Petroleum reported a DKK 2.9 million net loss for the second quarter of 2026, with an operating loss of DKK 2.7 million and general and administrative costs of DKK 0.8 million. Earnings per share were negative DKK 0.78, while net assets and shareholders’ equity stood at negative DKK 119.6 million. The company said the first half was focused on finalising the debt restructuring agreement signed with its main creditors on 30 April. Once the outstanding payment to Betri Banki is transferred, total debt will decline by DKK 98.3 million. Atlantic Petroleum also said the permanent loss of Orlando production required a material impairment of Orlando-related assets and increased the need to secure new production sources.

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