Parex Q2 2026 profit jumps on Frontera Colombia asset acquisition, higher output and oil prices, company says

Reuters2026/07/31 00:14

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Parex posted Q2 2026 net income of USD 444.3 million, up from USD 49.1 million, driven by a USD 302.5 million acquisition gain.
Oil and natural gas sales rose to USD 466 million from USD 239.1 million on higher volumes and stronger Brent pricing.
Production averaged 54,121 boe/d, up 27%, mainly reflecting the Frontera Colombia assets added from June 1.
Adjusted funds flow from operations increased to USD 191.2 million from USD 103.7 million, despite USD 59.1 million of one-time costs.
Operating netback widened to USD 45.14/boe from USD 36.25/boe, partly offset by higher royalties, production costs, transportation costs.

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 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 2026 profit jumps on Frontera Colombia asset acquisition, higher output and oil prices, company says

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