Energy Earnings Report — 2026-09-04 to 2026-10-19

25 most recent Energy earnings

1. Oct 14, 2026, 4:46 PM ET·INR·Energy

   Infinity Natural Resources — Third Quarter 2026 Earnings Summary

   INFINITY NATURAL RESOURCES INC

   Reported total derivative losses of approximately $64.4 million for the quarter ended September 30, 2026, comprising $1.2 million in realized losses and $63.2 million in non-cash unrealized mark-to-market losses. Unrealized losses primarily stem from accounting remeasurements of open positions using prevailing forward commodity price curves, which do not reflect current-period cash inflows or outflows. The company maintains a board-approved hedging strategy with open contracts across WTI, NYMEX natural gas, basis differentials, and NGLs, while operations remain focused on the Utica and Marcellus Shales. Preliminary financial and operating data for the third quarter are unaudited and subject to final adjustments prior to reporting in the Quarterly Report on Form 10-Q.

2. Oct 13, 2026, 7:42 AM ET·NOG·Energy

   Northern Oil and Gas — Third Quarter 2026 Earnings Summary

   NORTHERN OIL & GAS INC

   The company repurchased 667,989 shares for $16.0 million ($23.96 average price) and announced a $0.45 quarterly cash dividend, while maintaining a remaining repurchase capacity of approximately $227.2 million following a July $150.0 million program increase. Third-quarter capital expenditures are estimated between $250.0 million and $253.0 million, with 85% deployed to the Permian, Williston, and Uinta basins; full-year 2026 spending is expected toward the higher end of guidance, though Q4 spend is projected to trend lower. Operational execution included 19 ground game deals adding 1,060 net acres and 2.8 net wells, alongside a clean quarter with minimal disruptions and accelerated activity driven by oil strip price rallies. Financial results include estimated unrealized mark-to-market derivative losses of $300.0 million to $320.0 million and realized hedge losses of $51.0 million to $52.0 million, primarily driven by crude oil hedges.

3. Oct 13, 2026, 7:01 AM ET·OXY·Energy

   Occidental Petroleum — Third Quarter 2026 Earnings Summary

   OCCIDENTAL PETROLEUM CORP

   Total company production remained within guidance range, though Gulf of America volumes were temporarily curtailed in September due to third-party pipeline constraints and maintenance, with partial restoration expected as the constraint resolves. Average realized prices were $85.93 per barrel for U.S. crude, $24.10 per barrel for U.S. NGLs, and $1.61 per Mcf for U.S. natural gas, with domestic lease operating costs at $8.54 per boe. Crude oil collar settlements negatively impacted operating cash flow before working capital by $94 million for the quarter. The company faces ongoing risks regarding commodity price fluctuations, operational capacity constraints, indebtedness, and geopolitical or regulatory uncertainties. This document is a preliminary summary and does not constitute final financial reporting; forward-looking statements are subject to risks that could cause actual results to differ materially from expectations.

4. Oct 8, 2026, 7:08 AM ET·CRGY·Energy

   Crescent Energy — Q3 2026 Earnings Summary

   CRESCENT ENERGY CO

   Crescent Energy announced a definitive agreement to acquire Eagle Ford assets from Devon Energy for an estimated net purchase price of approximately $3.85 billion, adding 68 Mboe/d of net production and over 600 Tier 1 locations. The transaction is projected to generate $140 million in annual synergies across drilling, completion, lease operating expenses, and marketing, while delivering accretion to Cash Flow From Operations, Free Cash Flow, and Net Asset Value. Management anticipates the deal will close in Q4 2026 or early 2027, with financing commitments secured from JPMorgan Chase and RBC Capital Markets to fund the acquisition via cash, debt, and equity. The acquisition is expected to support debt reduction, progress toward an investment-grade credit profile, and enhanced free cash flow generation through improved capital efficiency and higher margins. Key risks include regulatory approval timing, financing availability, and integration challenges, though management views the move as a significant step to solidify Crescent's position in the Eagle Ford Basin.

5. Oct 7, 2026, 4:38 PM ET·APA·Energy

   APA Corporation — Third Quarter 2026 Earnings Summary

   APA CORP

   Estimated Q3 2026 net gain on oil and gas purchases and sales reached $190 million (pre-tax), including an $8 million realized gain from commodity derivatives, while general and administrative expenses totaled approximately $115 million. The company repurchased 10.5 million shares at an average price of $42.78 during the quarter, with estimated weighted-average basic common shares outstanding at 348 million. Realized price estimates for the quarter included $87.50 per barrel for U.S. oil, $98.50 per barrel for international oil, and $1.45 per Mcf for U.S. natural gas. No formal guidance changes or specific M&A announcements were issued; the release serves as a supplemental estimate rather than a final comprehensive report, noting that actual results may vary materially due to finalization of financial reporting and price determinations. APA continues operations in the U.S., Egypt, and the U.K., with ongoing exploration offshore Suriname, and will host a conference call on November 5 at 10 a.m. Central time to discuss results.

6. Oct 7, 2026, 12:20 PM ET·HP·Energy

   Helmerich & Payne — Fourth Quarter 2026 Earnings Summary

   HELMERICH & PAYNE INC

   Direct margins for North America, International, and Offshore Solutions segments are expected to meet or exceed the high-end of previously issued guidance ranges for fiscal 4Q 2026, with International Solutions specifically targeting approximately $45 million in direct margins. Management forecasts stronger overall direct margins for fiscal 2027 compared to 2026, driven by robust North America activity and strong Latin American growth, while maintaining a base dividend and targeting a 1x net debt-to-adjusted EBITDA ratio by year-end 2027. Segment rig count expectations for 4Q 2026 are projected near the high-end for North America, near the midpoint for International, and near the midpoint for Offshore, with all other financial guidance items from August 5, 2026, remaining unchanged. The company views recent market volatility as reinforcing energy security needs and sees opportunities to deliver high-performance solutions globally, though it acknowledges ongoing operational challenges in the Middle East.

7. Oct 7, 2026, 6:58 AM ET·EGY·Energy

   Vaalco Energy, Inc. — Q3 2026 Earnings Summary

   VAALCO ENERGY INC

   Offshore Gabon Phase 3 drilling concluded with the ETSEM-3H well achieving a stabilized initial flow rate of approximately 2,000 gross BOPD (1,140 net BOPD) in the SE Etame field. Offshore Côte d'Ivoire Baobab Phase 5 operations have commenced, targeting four producers, three water injectors, and two workovers to drive meaningful production increases in 2027. First new producer well from the Baobab Phase 5 campaign is anticipated to come online near the end of 2026, supporting a visible, self-funded pathway for growth. No specific financial metrics, revenue figures, or updated guidance ranges were disclosed in this operational update.

8. Oct 1, 2026, 6:05 AM ET·MGY·Energy

   Magnolia Oil & Gas — Third Quarter 2026 Earnings Summary

   MAGNOLIA OIL & GAS CORP

   Completed the acquisition of WildFire Energy, creating a premier South Texas operator; divested non-core Dimmit and Zavala assets for $47.5 million cash plus 616 net acres in Gonzales County. Net debt stands at approximately $1.9 billion, achieving leverage below 1.0x 2027E EBITDA more than a year ahead of plan, with a target to reduce leverage to 0.5x or below. Q4 2026 production guidance rises to 159–161 Mboe/d (49–50% oil) as the first full pro forma quarter, with 2027 production expected to grow 4–5% organically. Q4 2026 guidance includes $65–$75 million in one-time transaction/integration costs, $235 million in D&C capital spending, and a commitment to return capital via dividends and share repurchases of at least 1% per quarter. Management expects to realize at least one-third of >$100 million in annual run-rate synergies by year-end 2026, supported by costless collars covering over half of oil production through Q2 2027.

9. Sep 25, 2026, 6:06 AM ET·TBN·Energy

   Tamboran Resources Corporation — 4Q FY26 Earnings Summary

   TAMBORAN RESOURCES CORP

   Achieved first gas sales in September 2026 with a 40 TJ/d contract to the Northern Territory Government; completed SPCF construction on time and under budget, with commissioning targeted for 4Q 2026. Strengthened balance sheet to a pro forma cash position of US$240 million following an April 2026 public offer raising US$186 million and the completion of the Falcon Oil & Gas acquisition. Advanced drilling programs with three-well SS1 pad operations and stimulation scheduled for 4Q 2026, while Jibera South 1H and Newcastle South 1H drilling is underway with stimulation targeted for mid-2027. Secured strategic partnerships and farmout agreements with DWE/INPEX for the Beetaloo Central Development Area and executed a four-well BCDA program planned for mid-2027. Market capitalization stands at US$1,268 million with an implied acreage value of US$377 per acre, reflecting its position as the largest Beetaloo Basin holder with 2.8 million net prospective acres.

10. Sep 18, 2026, 11:48 AM ET·PBT·Energy

    Permian Basin Royalty Trust — September 2026 Earnings Summary

    PERMIAN BASIN ROYALTY TRUST

    Declared a cash distribution of $0.019593 per unit (totaling $913,228.22), an increase from the prior month driven by reduced Trust expenses despite lower oil volumes and pricing. Texas Royalty Properties reported a Net Profit of $1,189,481 with production of 13,460 barrels of oil and 4,868 Mcf of gas, while Waddell Ranch properties remain in an excess cost position with no proceeds included in the current distribution. Management highlighted significant uncertainty regarding future distributions due to volatile worldwide market conditions and the ongoing need to recover accrued interest costs from Waddell Ranch before future payouts. A definitive Business Combination Agreement was entered between SoftVest affiliates and Blackbeard Holdings to form "PBT Land and Minerals, Inc.," with unitholders having requested a special meeting to vote on the proposal. Blackbeard Operating, LLC will transition to quarterly production and cost disclosures via Form 10-Q and 10-K filings rather than monthly updates, and the Trustee disclaims any obligation to update forward-looking statements.

11. Sep 15, 2026, 4:44 PM ET·EPM·Energy

    Evolution Petroleum — Fiscal Q4 2026 Earnings Summary

    EVOLUTION PETROLEUM CORP

    Fiscal Q4 2026 revenue rose 15% YoY to $24.2 million and 20% sequentially to $24.2 million, while net income turned positive at $4.6 million ($0.13/share) compared to a $8.9 million loss in Q3 2026 and $3.4 million in Q4 2025; however, Adjusted EBITDA fell 24% YoY to $6.5 million due to derivative losses, despite a 110% sequential increase. The company completed the $16.0 million acquisition of Permian Minerals interests in August 2026, adding over 1,000 undeveloped locations and 3,420 net royalty acres, funded by $12.8 million in equity proceeds and $3.2 million in borrowings, with liquidity expected to reach ~$19 million pro forma. Management highlighted strong momentum for Fiscal 2027 driven by fresh production from the Permian acquisition and new Louisiana operations, while maintaining a 52nd consecutive quarterly dividend of $0.12/share and replacing 100% of fiscal 2026 production with proved reserves ending at 27.2 MMBOE. Operational metrics showed average production of 6,901 BOEPD (down 4% YoY, up 3% sequentially) and improved cost efficiency in the SCOOP/STACK segment, though total lease operating expenses rose to $12.8 million YoY due to the absence of a prior-year audit credit.

12. Sep 14, 2026, 5:08 PM ET·PAGP·Energy

    Plains GP Holdings, L.P. — Year Ended December 31, 2025 Earnings Summary

    PLAINS GP HOLDINGS LP

    Pro forma combined revenues increased to $44,464 million from $44,262 million historically, while pro forma combined operating income rose to $1,518 million from $1,428 million. Pro forma combined income from continuing operations, net of tax, declined to $1,231 million from $1,303 million historically, resulting in pro forma net income per Class A share of $0.68 versus $0.77 historically. The company completed the acquisition of 100% of EPIC Crude Holdings LP and EPIC GP LLC (owner of the Cactus III Pipeline) in two tranches in late October and November 2025, with PAGP serving as the operator of record. Pro forma combined interest expense increased by $94 million to $634 million due to $1,901 million of financing assumed outstanding for the full year, and total costs and expenses rose to $42,946 million from $42,834 million. Pro forma financials assume the transaction occurred on January 1, 2025, and exclude anticipated synergies, integration costs, or cost savings; no pro forma balance sheet is provided as results are fully reflected in the audited December 31, 2025 balance sheet.

13. Sep 8, 2026, 6:16 PM ET·PAA·Energy

    Plains All American Pipeline — Year Ended December 31, 2025 Earnings Summary

    PLAINS ALL AMERICAN PIPELINE LP

    Reported pro forma combined revenues of $44,464 million and operating income of $1,524 million, representing increases over PAA historical revenues of $44,262 million and operating income of $1,434 million. Pro forma net income attributable to PAA from continuing operations declined to $975 million ($1.01 per unit) from $1,052 million ($1.12 per unit) historically, driven by $100 million in additional interest expense and $102 million in incremental depreciation and amortization. Completed the acquisition of 100% of EPIC Crude Holdings, LP and EPIC GP, making PAA the operator of the Cactus III Pipeline, with total pro forma financing assumed at $1,901 million. Pro forma results exclude anticipated synergies, integration costs, and cost savings, and the transaction did not involve the issuance or redemption of securities.

14. Aug 21, 2026, 1:48 PM ET·PBT·Energy

    Permian Basin Royalty Trust — August 2026 Earnings Summary

    PERMIAN BASIN ROYALTY TRUST

    Cash distribution declared at $0.018701 per unit for September 15, 2026, representing a decrease from the prior month primarily due to the exclusion of a $1.125 million Blackbeard Operating LLC settlement payment received in July. Texas Royalty Properties generated $1.54 million in revenue and $1.39 million in net profit, with allocated volumes of 14,405 barrels of oil and 5,581 Mcf of gas, though Waddell Ranch properties remain in an excess cost position yielding no proceeds for this period. A definitive Combination Agreement was entered between SoftVest affiliates and Blackbeard Holdings to form a new publicly traded corporation, New PBT, with unitholders holding over 15% of units having requested a special meeting to vote on the transaction. Future distribution guidance remains difficult to predict due to volatile worldwide market conditions affecting pricing and the requirement to recover accrued excess costs from Waddell Ranch properties before future distributions can be made. The Trustee maintains a neutral stance on the proposed Business Combination, declining to solicit proxies or make recommendations, while Blackbeard Operating will provide production and cost data quarterly rather than monthly.

15. Aug 17, 2026, 4:08 PM ET·EP·Energy

    Empire Petroleum — Second Quarter 2026 Earnings Summary

    EMPIRE PETROLEUM CORP

    Reported Q2 2026 total product revenue of $11.1 million (up 27% YoY) and reduced net loss to $1.9 million ($0.05/share) from $5.1 million ($0.15/share) in Q2 2025, driven by a 23% decline in net sales volumes offset by a 1% increase in realized price per Boe to $41.33. Adjusted EBITDA improved to a $0.4 million profit from a $1.2 million loss in the prior year period, supported by a 22% reduction in lease operating expenses to $5.0 million and a 35% decrease in DD&A to $2.0 million. Strategic development momentum is building in Texas with the arrival of the first drilling rig and successful logging of the Wakefield-Harrison GU B #1 well to 21,006 ft, while North Dakota steam injection is scheduled to initiate in Q3 2026 following a major retrofit. Capital position remains supported by a $10.0 million gross proceeds raise from a March 2026 Rights Offering and a $7.5 million at-the-market sales agreement with Roth Capital Partners, though cash on hand stands at $3.1 million with $2.0 million available on the credit facility. Future outlook includes anticipated revenue generation from the Louisiana program through 2026, potential operating expense reductions from the New Mexico Residual Oil Zone matter, and continued expansion of subsurface control across Intermediate and Deep Productive Zones.

16. Aug 17, 2026, 9:01 AM ET·BDCO·Energy

    Blue Dolphin Energy — Second Quarter 2026 Earnings Summary

    BLUE DOLPHIN ENERGY CO

    Total revenue surged to $144.3 million for Q2 2026 from $56.6 million in the prior year period, while net income turned positive at $17.7 million ($1.19/share) compared to a $1.7 million loss in Q2 2025. Consolidated EBITDA improved significantly to $24.4 million for the quarter and $45.1 million for the first half of 2026, up from $0.1 million and $5.1 million respectively in the prior year periods. Refinery Operations drove profitability with $22.9 million in pre-tax income for Q2 2026, reversing a $2.1 million loss from the same period in 2025. Liquidity strengthened substantially, with cash and restricted cash rising to $31.7 million as of June 30, 2026, from $2.0 million at the end of 2025. CEO noted that disciplined operational execution amid market volatility delivered strong results, while a $1.0 million regulatory settlement gain contributed to the six-month financial performance.

17. Aug 17, 2026, 6:31 AM ET·PROP·Energy

    Prairie Operating Co. — Second Quarter 2026 Earnings Summary

    PRAIRIE OPERATING CO

    Q2 2026 revenue surged 45% year-over-year to $98.9 million, while net income turned positive at $193.8 million ($1.75 basic EPS) compared to a prior-year loss of $45.0 million; Adjusted EBITDA rose 65% to $34.0 million. Management raised full-year 2026 guidance for production to 23,000–25,000 Boe/d, capital expenditures to $185.0–$195.0 million, and Adjusted EBITDA to $180.0–$190.0 million, citing August production of ~27,000 Boe/d. The company maintains a working capital deficit of $125.5 million with $436.0 million outstanding on a $475.0 million credit facility, though it generated $52.0 million in net operating cash flow for the quarter. Strategic initiatives include partial refinancing of Series F Preferred Stock, a credit facility amendment modifying covenants, and successful technical milestones such as the first three-mile lateral and cost-saving wellbore trials.

18. Aug 13, 2026, 5:10 PM ET·DWSN·Energy

    Dawson Geophysical Company — Second Quarter 2026 Earnings Summary

    DAWSON GEOPHYSICAL CO

    Total revenue surged 82% year-over-year to $17.9 million, while year-to-date fee revenue rose 94% to $46.5 million; Adjusted EBITDA improved $1.8 million to $0.6 million for the quarter and jumped 875% year-to-date to $11.5 million. Net loss for the quarter was $3.4 million ($0.11 per share), impacted by $1.7 million in strategic transaction costs, whereas year-to-date net income was $4.2 million ($0.14 per share) after $2.4 million in similar costs. Management expects demand for high-density seismic services to increase significantly pending the success of current channel count tests, with increased bid activity anticipated in Canada for Q4 2026 and 2027. The company is engaged in discussions with controlling stockholder Wilks Brothers, LLC regarding potential asset contributions or business combinations, though no definitive agreement is guaranteed; a special committee of independent directors has been formed to evaluate these transactions. The Board approved a $3 million capital budget for 2026, and the company continues to deploy new single node channels to improve data delivery speed and competitive advantage, with seasonal Canadian operations scheduled to resume in Q4 2026.

19. Aug 13, 2026, 4:06 PM ET·PED·Energy

    PEDEVCO — Second Quarter 2026 Earnings Summary

    PEDEVCO CORP

    Revenue surged 561% year-over-year to $46.1 million and net income turned positive at $17.5 million ($1.31/share), reversing a $1.7 million loss in Q2 2025, driven by a 348% production volume increase to 6,801 Boe/d and higher average realized oil prices. Adjusted EBITDA rose 516% to $18.7 million, while net debt decreased to approximately $73 million as the company reduced revolver borrowings from $98 million to $85 million and improved its working capital deficit by roughly $25 million in H1 2026. Following the October 2025 Juniper Merger, the company expects production to dip in July before recovering in late 2026 and 2027 as the Hastings well begins contributing and over 20 new gross wells are drilled or participated in. The company maintains a disciplined development focus with $40.0 million of additional availability under its A&R Credit Agreement, aiming to balance growth with low leverage and balance sheet strength.

20. Aug 13, 2026, 6:35 AM ET·ANNA·Energy

    AleAnna, Inc. — Second Quarter 2026 Earnings Summary

    ALEANNA INC

    Q2 2026 net income surged to $3.8 million from $0.6 million in the prior year period, while total revenues rose 155% to $10.2 million, driven by the Longanesi field. Adjusted EBITDA reached $4.1 million for the quarter, up from $0.8 million year-over-year, marking the fifth consecutive quarter of positive Adjusted EBITDA and net income. The Gradizza field development project transitioned from planning to execution in Q2 2026, with construction commencing to establish the company's first wholly owned and operated production asset. Total Proved Reserves volumes increased 47% compared to year-end 2024, and the balance sheet strengthened with stockholders' equity rising to $65.9 million as of June 30, 2026. Management confirmed the Longanesi field is on track to outperform initial expectations and highlighted a strategic focus on increasing exposure to operated assets to support Italy's energy security.

21. Aug 12, 2026, 5:14 PM ET·WHK·Energy

    WhiteHawk Minerals Corp. — Second Quarter 2026 Earnings Summary

    WHITEHAWK MINERALS CORP

    Q2 2026 revenue reached $29.1 million (up 38% YoY, 40% QoQ), while Adjusted EBITDA rose 104% YoY to $20.7 million; however, the company reported a net loss of $39.2 million ($2.54/share) driven by $21.7 million in debt extinguishment losses and $15.8 million in non-recurring management fees. The Board initiated a quarterly dividend of $0.50 per share ($2.00 annualized), with an initial prorated payment of $0.11/share payable August 28, 2026, alongside a CAD of $17.4 million ($0.63/share diluted). Nine acquisitions totaling $111.8 million were signed since the June 10 IPO, expected to generate 16–17 MMcfe/d and $17.0–$18.5 million in incremental cash flow by 2027–2028, funded via $50.0 million Series E Preferred Stock and existing liquidity. Net production averaged 70.0 MMcfe/d (up 57% YoY), with a leverage ratio of 0.67x and $13.2 million in cash on hand as of June 30, 2026.

22. Aug 12, 2026, 4:52 PM ET·MXC·Energy

    Mexco Energy Corporation — Q1 Fiscal 2027 Earnings Summary

    MEXCO ENERGY CORP

    Net income surged 107% year-over-year to $501,065 ($0.24 per diluted share), driven by a 13% revenue increase to $1.98 million despite a 15% drop in oil production and a 49% decline in natural gas prices. The company deployed approximately $2.1 million of existing cash to acquire oil and gas royalty properties, aligning with its core strategy of securing interests with development potential. Fiscal 2027 guidance targets the drilling of 53 horizontal wells and completion of 20, with an estimated aggregate cost of $1.8 million, of which $620,000 has been expended to date. Operations remain concentrated in the Permian Basin, with management continuing to evaluate additional drilling prospects for the remainder of the fiscal year.

23. Aug 12, 2026, 4:37 PM ET·BATL·Energy

    Battalion Oil Corporation — Second Quarter 2026 Earnings Summary

    BATTALION OIL CORP

    Reported Q2 2026 total operating revenues of $48.1 million, up from $42.8 million in Q2 2025, while net income turned positive at $9.1 million ($0.34/share) compared to a $3.5 million loss in the prior year period. Net debt decreased to $74.2 million from $108.3 million in Q1 2026, improving the leverage ratio to 1.36x from 1.79x, supported by $55.9 million in net proceeds from ATM equity placements. Completed refinancing of senior secured credit facility extending maturity to December 2029 with a fixed margin of 6.50% over SOFR, while securing additional compression capacity to support production growth starting mid-Q3. Initiated a new joint exploration and development agreement for up to eight wells in Monument Draw with drilling expected to commence before August 2026, alongside a transition to a multi-bench development program funded by cash on hand. Adjusted EBITDA declined to $12.3 million from $18.1 million in Q2 2025, impacted by $7.8 million in realized hedge losses and increased gathering expenses due to a new long-term processing agreement.

24. Aug 12, 2026, 11:02 AM ET·NGS·Energy

    Natural Gas Services Group — Q2 2026 Earnings Summary

    NATURAL GAS SERVICES GROUP INC

    Record Financial Performance: Rental revenue reached a record $49.4 million (up 25% YoY, 5% sequentially), driving adjusted EBITDA to a record $25.1 million (up 27.4% YoY); adjusted net income was $6.1 million ($0.47/share) excluding $3.3 million in Flatrock transaction costs. Raised Full-Year Guidance: Management increased 2026 adjusted EBITDA guidance to $103 million–$108 million and growth capital expenditure guidance to $60 million–$80 million, reflecting strong organic execution and the addition of Flatrock. Strategic Milestones & Capital Allocation: Completed the $120 million Flatrock acquisition in June 2026, adding 87,000 rented horsepower; maintained a $0.15 per share quarterly dividend (50% higher than prior year) while reducing DSO to ~33 days pro forma. Operational Outlook: Expecting to deploy at least 55,000 horsepower organically in 2026 with growth CapEx accelerating in H2 to meet contracted schedules, despite continued inflationary pressure on labor and parts costs.

25. Aug 11, 2026, 6:25 PM ET·BRN·Energy

    Barnwell Industries, Inc. — Third Quarter Ended June 30, 2026 Earnings Summary

    BARNWELL INDUSTRIES INC

    Revenue rose to $3,379,000 from $2,535,000 in Q2 2026 and $3,192,000 in Q3 2025; net loss narrowed to $403,000 from $1,116,000 in the prior quarter, while Adjusted EBITDA turned positive at $425,000 versus negative $369,000 previously. Production increased 9% sequentially to 75,000 BOE, and the company maintained a debt-free balance sheet with $4,467,000 in cash and $3,070,000 in working capital. Strategic initiatives include evaluating a potential sale of the Canadian oil and gas business, pursuing transformative M&A across industries, and completing a definitive agreement to sell remaining Hawaii real estate interests for approximately $1,550,000. Operational efficiencies drove a 12% decline in salaries and wages and an 8% sequential drop in cash general and administrative expenses to $1,280,000, alongside the completion of the corporate transition to a lower-cost Houston platform.