Advantage Q2 FY26 net income falls 37.77% to $45.11 million; net sales rise 19.06% to $195.96 million
Reuters2026/07/30 21:23- Advantage Energy posted net income attributable to shareholders of CAD 45.11 million, down 37.78% year over year; net sales rose 19.06% to CAD 195.96 million.
- Adjusted funds flow (non-IFRS) was CAD 88.8 million, little changed year over year; free cash flow surplus (non-IFRS) narrowed to CAD 734,000.
- Average production fell 9.60% to 70,611 boe/d due to a planned 21-day turnaround at the Glacier Gas Plant; liquids output rose 6.49% to 12,650 bbls/d.
- Net debt (non-IFRS) stood at CAD 560.25 million; the company expects to reach a CAD 400 million to CAD 500 million target range in 2H 2026.
- A new covenant-based credit facility kept borrowing capacity at CAD 650 million while extending maturity to June 2029; the 75 mmcf/d Progress Gas Plant was completed on time.
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