Canada's Questerre Energy Q2 revenue rises on higher production, oil prices

Questerre Energy (Canada)

11/08/2026 22:40

Overview
Canada energy technology firm's Q2 revenue rose sharply on higher production and oil prices
Company completed sale of Kakwa Central assets for C$23.5 mln to fund future development
Adjusted funds flow from operations rose to C$18.3 mln from C$5.0 mln a year ago

Outlook
Company expects extended HCCO test to establish commercial parameters for Petrosix refinery process
Questerre plans to use Kakwa Central sale proceeds to fund Kakwa North and Saskatchewan development
Company says Quebec government recognition of natural gas supports efforts to develop Utica discovery

Result Drivers
HIGHER PRODUCTION AND OIL PRICES - Co said increased production, mainly from Brazil, and higher oil prices boosted Q2 revenue
ASSET SALE - Co reported a C$17.5 mln gain from the sale of Kakwa Central assets, with proceeds to fund future development
TECHNOLOGY ADVANCEMENT - Successful HCCO test in Brazil seen as a step toward reducing internal fuel usage, per CEO Michael Binnion

Company press release: ID:nObiRbxQga

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
C$50.10 mln
 

Analyst Coverage
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 19 three months ago

Reuters Recommended Reads
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Aug 10 - Phoenix Energy Q2 revenue more than doubles on higher output and oil prices
Aug 10 - Amplify Energy Q2 revenue rises 41%, swings to profit helped by new wells, royalty relief

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(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.)