Spartan Delta FY26 Q2 net income rises 27% to CA$ 42.44 million; oil and gas sales more than doubled to CA$ 183.7 million
Reuters2026/07/29 23:08- Spartan Delta posted Q2 net income under IFRS of CA$42.44 million, up 27%, as oil and gas sales more than doubled to CA$183.7 million.
- Adjusted Funds Flow, a non-GAAP measure, climbed 93% to CA$92.59 million; average output rose 37% to 52,818 BOE/d.
- Operating netback before hedging, a non-GAAP ratio, jumped 83% to CA$24.93/BOE; net debt ended the quarter at CA$300.37 million.
- Capital expenditures before A&D, a non-GAAP measure, increased 71% to CA$143.07 million; 10 Duvernay wells were drilled and five brought on-stream.
- Raised 2026 guidance to 53,500-54,500 BOE/d, lifted capital program to CA$525-575 million, and increased expected adjusted funds flow to CA$400 million.
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