Deutsche Rohstoff AG lifts 2026‑2027 guidance after strong oil output

Deutsche Rohstoff AG (DRAG) announced on 5 August 2026 a significant upward revision of its full‑year forecasts for 2026 and 2027, following an unexpected surge in production from newly commissioned wells. The company also confirmed a further expansion of its drilling programme in the United States.

Production outpaces expectations

The company reported that the oil wells put into operation in 2026 have delivered volumes markedly above the figures that were internally forecasted. 1876 Resources, the operator behind the drilling activity, has increased the 2026 programme by six gross wells, bringing the total to 32. The higher output has shifted the annual production outlook to 18 500–20 000 BOEPD (barrels of oil equivalent per day), up from the previously cited range of 17 000–18 000 BOEPD. In the second half of 2026 and at year‑end, the company expects production to reach 24 000–26 000 BOEPD, with 70 % attributed to oil.

Updated financial outlook

Under the new baseline scenario—assuming a WTI oil price of €75 per barrel—DRAG now projects 2026 revenue of €300–320 million. The company also disclosed that EBITDA for 2026 could rise to up to €400 million. These revisions reflect the improved operating performance and the anticipated contribution from the expanded drilling programme.

Market context

The announcement was issued as an ad‑hoc disclosure via multiple platforms (www.fixed‑income.org, www.anleihencheck.de , www.bondguide.de , www.4investors.de , nwr.eqs‑cockpit.com, www.eqs‑news.com). The company’s shares traded on Xetra under the ticker DRAG, with a closing price of €82.10 on 4 August 2026. The 52‑week high reached €117.80 on 4 June 2026, while the low was €37.90 on 10 August 2025. With a market capitalisation of roughly €380 million and a price‑earnings ratio of 3.15, the stock has attracted attention from investors seeking exposure to the energy sector.

Implications

The upward revision in guidance signals confidence in the company’s operational trajectory and its ability to translate drilling investments into revenue growth. The expanded drilling programme, coupled with higher-than‑expected production, positions Deutsche Rohstoff AG to capture a larger share of the market as oil prices remain favourable. Analysts will likely monitor the company’s ability to sustain these gains and manage the risks associated with oil price volatility and drilling economics.

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