Lotus Creek Q2 FY26 net income swings to C$5.85 million; adjusted funds from operations falls to C$7.54 million versus prior quarter

Reuters2026/08/05 22:55

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Lotus Creek posts Q2 net income of CAD 5.8 million, returning to profit; includes a CAD 5.5 million unrealized gain on risk management contracts.
Non-GAAP adjusted funds from operations drops 28.99% from Q1 to CAD 7.54 million; cash flow from operating activities falls 45.38% to CAD 5.55 million.
Production averages 3,417 boe/d, down 14.79% from Q1; decline tied to the Tableland disposition plus weather and workover downtime.
Sold non-core Tableland, Saskatchewan assets for CAD 13 million; ended June 30 with no credit facility draws and net debt of CAD 1.2 million.
Targets 2026 annual output of 3,800–4,200 boe/d, guiding to Q4 average production of 4,800–5,200 boe/d after the Wilson Creek drilling program.

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. Lotus Creek Exploration Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608051720NEWSFILECNPR____20260805_308261_1) on August 05, 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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Lotus Creek Q2 FY26 net income swings to C$5.85 million; adjusted funds from operations falls to C$7.54 million versus prior quarter

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