The company posted $9.8 million net income in Q2 2026, driven by a 26% year-over-year increase in sales volumes and higher realized prices.
Alvopetro Energy Ltd reported a 37% year-over-year increase in revenue to $19.2 million for Q2 2026, supported by higher sales volumes and realized natural gas prices. Total sales averaged 3,067 boepd, up 26% from Q2 2025, while the average realized price per boe rose 9% to $68.72.
Funds flow from operations reached $14.1 million, or $0.37 per share, compared to $10.4 million in Q2 2025. Net income climbed to $9.8 million, or $0.26 per share, from $6.9 million in the same period last year. Operating netback improved to $59.08 per boe, up $4.36 year-over-year.
The company attributed the gains to stronger sales volumes and higher realized prices, with natural gas prices averaging $10.98 per Mcf, up 3% from Q2 2025.