Whitecap Q2 FY26 net income more than doubled to $889.5 million; revenue rises 92.89% to $2.63 billion
Reuters2026/07/29 21:22- Whitecap reported Q2 2026 net income of CAD 889.5 million, up 186.3% year over year; petroleum and natural gas revenues climbed to CAD 2.63 billion.
- Funds flow rose to CAD 1.35 billion; free funds flow widened to CAD 924.5 million, including CAD 221.4 million of dividends declared.
- Average daily production increased to 388,894 boe/d; operating netback improved to CAD 43.84/boe.
- Net debt declined to CAD 2.52 billion; liquidity totaled about CAD 1.7 billion with net debt to annualized funds flow at 0.5x.
- 2026 production guidance increased to 384,000–386,000 boe/d; capital spending expected at the high end of the CAD 2.0–2.1 billion range.
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