Parex Q2 net income more than doubled to USD 444.3 million; adjusted EBITDA rises to USD 192.1 million

Reuters2026/07/31 00:01

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Parex Resources posted net income of USD 444.3 million, or USD 4.62 a share, compared with USD 49.11 million a year earlier.
Output climbed to 54,121 boe/d from 44,735 boe/d in Q1, following the June 1 close of the Frontera EP deal.
Capital spending rose to USD 133.69 million; net debt widened to USD 906.6 million, with USD 163.29 million cash.
July average production ran about 83,500 boe/d; H2 guidance reaffirmed at 82,000-91,000 boe/d.
Imad Mohsen said Frontera integration exceeded expectations, lifting scale and capital allocation flexibility; Q3 dividend set at C$ 0.385 a share.

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. Parex Resources Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607302000PRIMZONEFULLFEED9801452) on July 31, 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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Parex Q2 net income more than doubled to USD 444.3 million; adjusted EBITDA rises to USD 192.1 million

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