Petrus Resources Q2 FY26 net income falls 11.94% to C$9.14 million; revenue rises 77.11% to C$38.09 million

Reuters2026/08/06 22:25

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Petrus posted net income of CAD 9.14 million, down 11.93% from a year earlier, on oil and natural gas sales of CAD 38.09 million.
Funds flow (non-GAAP) rose 32% year over year to CAD 16.33 million; operating netback (non-GAAP) more than doubled to CAD 24.91 million.
Average production increased 21% to 11,070 boe/d; June output averaged about 12,000 boe/d, a record, after a planned Harmattan turnaround.
Oil and condensate volumes climbed 61% to 1,998 bbl/d; total realized price rose 46% to CAD 37.66/boe.
Petrus reiterated full-year guidance for 11,000-12,000 boe/d production, CAD 50-60 million in capital spending, CAD 60-65 million in funds flow.

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 via GlobeNewswire (Ref. ID: 202608061730PRIMZONEFULLFEED9805661) 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 Resources Q2 FY26 net income falls 11.94% to C$9.14 million; revenue rises 77.11% to C$38.09 million

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