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OEG Surges with Record Q2 Earnings | Glasgow News
Description
OEG just shattered records in Q2 with a 25% revenue surge to $188 million and a 21% EBITDA jump to $51 million, fueled by booming oil & gas and explosive renewables growth—especially with big wins in Brazil and Germany. Their cash flow hit an all-time high at $39 million, backed by a new U.S. HQ in Louisiana to dominate the Americas market. With first-half 2026 revenue up 18% to $310 million and $124M in liquidity, this veteran energy giant (founded in 1973) is now a global powerhouse with 1,500+ employees across 65 countries, strategically expanding its renewables footprint since its $1B acquisition last year.
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