Coelacanth swings to Q2 FY26 net income of C$3.96 million; revenue rises 381% to C$23.2 million

Reuters2026/08/27 10:02

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Coelacanth posted Q2 2026 net income of CAD 3.96 million, swinging from a loss a year earlier; oil and natural gas sales climbed 381% to CAD 23.2 million.
Cash flow from operating activities turned positive to CAD 13.81 million from a year-earlier outflow; adjusted funds flow (non-GAAP) swung to CAD 10.74 million.
Average output rose 531% to 7,632 boe/d; operating netback per boe edged down 2% to CAD 19.93.
Credit facility was amended and restated, extending and increasing capacity to CAD 90 million from CAD 80 million.
Q3 capital plan targets four wells on the 9-32 pad; Coelacanth expects to exit 2026 above 9,000 boe/d.

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. Coelacanth Energy Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608270600NEWSFILECNPR____20260827_311678_1) on August 27, 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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Coelacanth swings to Q2 FY26 net income of C$3.96 million; revenue rises 381% to C$23.2 million

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