Valeura Energy Q2 FY26 net income rises 875% to US$53.14 million; revenue more than doubled to US$259.77 million
Reuters2026/08/06 06:13- Valeura Energy posted Q2 net income of US$53.14 million, up 875% year over year, as revenue more than doubled to US$259.77 million.
- Adjusted EBITDAX (non-IFRS) jumped to US$162.83 million, while average realized oil price climbed 56% to US$105.8 a barrel.
- Oil sales rose 29% to 2,454,000 barrels, while production increased 4% to 2,030,000 barrels, reflecting a crude inventory drawdown.
- Cash and cash equivalents totaled US$316.51 million at June 30, up 4% since Dec. 31, with no debt.
- Signed a revolving credit facility with up to US$75 million available, expandable by an uncommitted accordion of up to US$250 million.
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