Crown Point returns to Q2 FY26 profit of USD 9.2 million; revenue more than doubled to USD 69.2 million
Reuters2026/08/11 23:18Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Crown Point posted Q2 net income of USD 9.2 million, swinging from a net loss of USD 5.7 million a year earlier.
- Revenue climbed to USD 69.2 million from USD 22.2 million, on higher output from the Chubut concessions acquired in Q4 2025.
- Funds flow from operating activities turned positive at USD 17.4 million; net cash from operating activities rose to USD 22.5 million.
- Operating netback improved to USD 25.75 per BOE from USD (7.5) per BOE; average sales volumes rose to 9,158 BOE/day.
- Working capital deficit narrowed to USD 63.4 million at June 30 from USD 71.8 million at Dec. 31; fiscal 2026 capex budgeted at USD 54.3 million.
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. Crown Point Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608111918PRIMZONEFULLFEED9808314) on August 11, 2026, and is solely responsible for the information contained therein.
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