Petrus Q2 2026 funds flow rises to $16.3 million on higher production, stronger oil and NGL prices, company says

Reuters2026/08/06 22:21

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For the three months ended June 30, 2026, funds flow rose 32% to $16.3 million as production increased following the Harmattan acquisition.
Average output climbed 21% to 11,070 boe/d despite a planned third-party facility turnaround; June averaged about 12,000 boe/d.
Higher liquids volumes lifted realized pricing; total realized price increased 46% to $37.66/boe as oil and condensate output rose 61%.
Operating netback jumped 92% to $24.9 million, reflecting stronger oil and NGL prices, partly offset by an 18% drop in realized gas prices.
Net income slipped to $9.1 million from $10.4 million as a $4.8 million realized hedging loss replaced a prior-year realized hedging gain.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Petrus ResourcesLtd. published the original content used to generate this news brief on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Petrus Q2 2026 funds flow rises to $16.3 million on higher production, stronger oil and NGL prices, company says

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