PetroTal Q2 FY26 net income drops to USD 4.8 million; revenue falls to USD 72.83 million
Reuters2026/08/06 06:09- PetroTal posted Q2 2026 net income of USD 4.8 million, net of a USD 10.2 million impairment tied to the Amazonia-1 rig sale.
- Adjusted EBITDA (non-GAAP) came in at USD 43.5 million; free funds flow (non-GAAP) totaled USD 32.4 million.
- Average production fell to 12,557 bopd from 14,907 bopd in Q1 2026; average sales slipped to 11,969 bopd from 14,350 bopd.
- Unrestricted cash rose to USD 105.4 million from USD 104.4 million at end-Q1, reflecting operating cash flow and rig-sale proceeds.
- Management said the Estrella rig has entered Peru ahead of an October restart to an 8-well drilling campaign; July Bretana output averaged 11,107 bopd.
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