Valeura Energy has reported a strong second quarter of 2026, supported by higher oil sales, substantial cash generation and continued development activity across its Thailand assets.
The company produced 2.030 million barrels of oil during the quarter, equivalent to average working interest production of 22,309 barrels per day before royalties. Sales totalled 2.454 million barrels at an average realised price of US$105.80 per barrel, generating revenue of US$259.8 million.
Adjusted EBITDAX was US$162.8 million, while adjusted cash flow from operations reached US$154.1 million. Free cash flow was US$104.7 million.
Valeura ended the quarter with net cash of US$316.5 million and no debt. This included US$15.8 million of restricted cash. The company also reduced the decommissioning liability linked to the Manora field, allowing part of its bank guarantees to be released and cutting restricted cash by 31%.
Valeura Energy Inc (TSX:VLE) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.
