Prairie Provident Q2 FY26 net loss narrows to 6.31 million; revenue rises 22.43% to 11.49 million
Reuters2026/08/12 23:20- Prairie Provident posted a net loss of $6.31 million in Q2 2026, narrowing from a $6.5 million loss a year earlier.
- Adjusted funds flow (non-GAAP) turned positive to $2.23 million from a $1.42 million deficit in Q1 2026.
- Revenue rose to $11.49 million from $9.38 million in Q1 2026, while petroleum and natural gas sales increased to $13 million.
- Operating expenses climbed 30% to $38.88/boe versus Q1 2026, on higher workover spending to maintain production.
- At June 30, Prairie Provident was in breach of financial debt covenants, triggering current classification of First Lien Loan and Second Lien Notes.
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