Newmed Energy-limited Partnership, IL0004750209

NewMed Energy stock reports Q2 results while trading at ILA 1,624

Published on 10/07/2026 at 09:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NewMed Energy stock holds a 45.3 percent Leviathan interest and published its Q2 2026 report on August 13. A USD 6.7 billion gas deal gained approval on October 6.

Newmed Energy-limited Partnership, IL0004750209, Illustration mit AI erstellt.

NewMed Energy stock (ISIN IL0004750209) was trading at ILA 1,624 on the Tel Aviv Stock Exchange on October 7, 2026 at 10:15 a.m. IDT, up 0.56 percent from the previous close. The company published its second-quarter and first-half 2026 results on August 13, according to NewMed Energy.

Q2 results anchor the picture

The August 13 reporting date places the latest interim update inside the current investment case. NewMed Energy's investor-relations page describes the partnership as a major Israel offshore gas producer with a 45.3 percent working interest in the Leviathan field.

That interest gives the company direct exposure to production, exports and future development at Leviathan. The same page says the portfolio spans producing, developing and exploration-stage assets, making field output and project execution central operating variables.

Gas contract changes the context

On October 6, Globes reported that the Competition Authority approved the USD 6.7 billion gas supply agreement linked to two planned 850-megawatt power stations. The 20-year contract provides for gas at USD 4.70 per MMBtu.

The approval changes the status of a transaction that NewMed and Ratio Energies had moved to terminate in September. Rigzone reported that the planned supply could reach 1.3 billion cubic meters annually at the start and rise to 1.7 billion cubic meters from 2034 or 2035. The competing positions of NewMed, its partners and Dalia Energy leave contract implementation as the key execution issue.

Stock stays below its yearly high

At ILA 1,624 on October 7, 2026, the stock stood 29.08 percent below its 52-week high of ILA 2,290 and ILA 90 above its 52-week low of ILA 1,534. Market capitalization was ILA 19.1 billion, while volume reached 66,985 shares at the quoted time.

The market is therefore valuing a gas producer with a large Leviathan position while the contract outcome adds a fresh commercial checkpoint. For investors, the next assessment rests on reported operating performance and the conversion of approved gas infrastructure into durable cash flow.

NewMed Energy stock price and data

NewMed Energy stock was last at ILA 1,624 on the Tel Aviv Stock Exchange on October 7, 2026 at 10:15 a.m. IDT. The intraday range was ILA 1,600 to ILA 1,625.