CoJax Oil & Gas swings to Q2 FY26 profit of $2,614; revenue rises 41% to $329,386

Reuters2026/08/12 21:23

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CoJax posted net income of USD 2,614 in Q2 2026, swinging from a net loss of USD 204,061 a year earlier.
Revenue rose 41% to USD 329,386 from the prior-year quarter; operating income was USD 3,042 versus an operating loss of USD 203,818.
Lease operating expenses fell 46.9% to USD 67,168; general and administrative costs dropped 23.5% to USD 156,332.
Six-month net loss narrowed to USD 263,345 from USD 348,867; revenue declined 22.8% to USD 441,462.
Average oil price climbed to USD 102.61 per barrel in Q2 from USD 59.41; cash on hand was USD 52,984 at June 30.

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. CoJax Oil & Gas Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001753926-26-001447), on August 12, 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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CoJax Oil & Gas swings to Q2 FY26 profit of $2,614; revenue rises 41% to $329,386

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