v3.26.1
REVENUE (Tables)
3 Months Ended
Mar. 31, 2026
Revenues [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents revenues from contracts with customers as well as revenues associated with the obligations under the Etame PSC.
Three Months Ended
March 31,
20262025
Revenues from customer contracts:(in thousands)
Sales under the COSPA or COSMA(1)
$ $31,450 
Gabonese government share of Profit Oil taken in-kind24,537 28,414 
Royalties and other(3,136)(7,677)
Net revenues$21,401 $52,187 
(1) Crude oil sales and purchase agreements (“COSPAs”) or crude oil sales and marketing agreements (“COSMA or COSMAs”).
The following table presents revenues in Egypt from contracts with customers:
Three Months Ended
March 31,
20262025
Revenues from customer contracts:(in thousands)
Gross sales$66,410 $57,656 
Royalties(27,310)(23,587)
Selling costs(184)(149)
Net revenues$38,916 $33,920 
The following table presents revenues in Canada from contracts with customers:
Three Months Ended
March 31,
20262025
Revenues from customer contracts:(in thousands)
Oil revenue$1,744 $5,325 
Gas revenue368 636 
NGL revenue723 1,759 
Other revenue27 49 
Royalties(437)(1,357)
Selling costs(143)(232)
Net revenues$2,282 $6,180 
The following table presents revenues in Côte d’Ivoire from contracts with customers:
Three Months Ended
March 31,
20262025
Revenues from customer contracts:(in thousands)
Sales under the sales and purchase agreements$ $16,173 
Côte d’Ivoire government share of Profit Oil taken in-kind 1,869 
Net revenues$ $18,042 
For the three months ended March 31, 2026 and 2025, our revenue concentration by major customers is shown on the table below.
Three Months Ended
March 31,
20262025
Gabon100%100%
Egypt100%100%
Côte d'Ivoire—%100%
Canada
47%, 16% and 14%
52%, 23% and 18%