Highwood Q2 2026 EBITDA falls to CAD 11.8 million as commodity hedge losses weigh, company says

Reuters2026/08/20 14:42

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Highwood posted Q2 2026 EBITDA of CAD 11.81 million, down from CAD 15.16 million, citing losses on commodity contracts.
Adjusted funds flow fell to CAD 9.87 million from CAD 13.4 million, despite higher realized prices for crude and NGL.
Net income rose to CAD 30.72 million from CAD 13.39 million, driven by a CAD 22.1 million gain on the Wilson Creek sale.
Wilson Creek disposition delivered up to CAD 112 million consideration, cut net debt to CAD 16.35 million from CAD 114 million.
Average production declined to 5,079 boe/d from 5,632 boe/d, reflecting third-party outages and a reduced drilling program.

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. Highwood Asset Management Ltd. published the original content used to generate this news brief on August 20, 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.

Highwood Q2 2026 EBITDA falls to CAD 11.8 million as commodity hedge losses weigh, company says

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