Canada's Alvopetro Q1 revenue rises 24%, net income up 33%

Alvopetro Energy

07/05/2026 22:20

Overview

Canada oil and gas producer's Q1 revenue rose 24% yr/yr on higher sales volumes

Q1 net income increased 33% yr/yr to $8.1 mln

Company set new quarterly sales record following higher contracted gas sales in Brazil and new Canada wells

Outlook

Alvopetro expects Q2 2026 realized natural gas price of $11.31/Mcf, up 12% from Q1

Company forecasts realized gas price of $13.06/Mcf for Aug 1–Oct 31, 2026 period

Alvopetro's firm contracted gas sales volumes increased 25% to 17.7 MMcfpd for 2026 and 2027

Result Drivers

HIGHER SALES VOLUMES - Q1 sales volumes rose 28% yr/yr, driven by increased contracted gas sales in Brazil and new wells in Canada

BRAZIL CONTRACTED VOLUMES - Amended long-term gas sales agreement increased firm gas sales by 25% for 2026 and 2027

CANADA WELL ADDITIONS - Two new wells drilled and completed in Canada contributed to increased oil sales

Company press release: ID:nCNW1jX67a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Oil & Gas Sales
$17.39 mln
Q1 Net Income
$8.06 mln
Q1 Capex
$5.15 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for Alvopetro Energy Ltd is C$10.23, about 17.9% above its May 6 closing price of C$8.67

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)