Alvopetro Energy reports higher Q2 revenue and cash flow as sales volumes increase

Alvopetro Energy Ltd (TSX-V:ALV, OTC:ALVOF, FRA:A6Y0) reported higher revenue, funds travel from operations and nett income for the 2nd 4th of 2026, with income volumes and realized earthy state prices some higher twelvemonth implicit year.

Total income averaged 3,067 barrels of lipid equivalent per time (boepd) during the quarter, up 26% from the aforesaid play a twelvemonth earlier and down 2% from the archetypal quarter.

Brazilian income averaged 2,894 boepd, up 26% twelvemonth implicit year, portion Canadian income averaged 173 barrels per day, up 25% from the 2nd 4th of 2025.

The company's mean realized earthy state terms was $10.98 per 1000 cubic feet (Mcf), up 3% from Q2 2025 and 8% from Q1 2026. The wide mean realized income terms per boe was $68.72, up 9% twelvemonth implicit twelvemonth and 11% from the archetypal quarter.

Natural gas, lipid and condensate gross accrued to $19.2 million, up 37% from Q2 2025 and 10% from Q1 2026.

Funds travel from operations was $14.1 million, oregon $0.37 per basal and diluted share, up $3.7 cardinal from Q2 2025 and $1.6 cardinal from Q1 2026. Alvopetro wrote that the summation comparative to Q2 2025 was chiefly driven by higher income volumes, portion the summation comparative to Q1 2026 was owed to higher realized income prices.

Net income was $9.8 million, oregon $0.26 per basal and diluted share, increases of $2.9 cardinal from Q2 2025 and $1.7 cardinal from Q1 2026.

Operating netback was $59.08 per boe, an summation of $4.36 per boe from Q2 2025 and $6.96 per boe from Q1 2026. The institution reported an operating netback borderline of 86%.

Capital expenditures successful Q2 2026 totaled $7.5 cardinal and included costs to drill the 183-D1 good connected Alvopetro's 100%-owned Murucututu field, on with archetypal costs for upcoming drilling and facilities projects successful Brazil.

Alvopetro completed drilling the 183-D1 good successful June to a full measured extent of 3,263 metres. Based connected open-hole logs, the good encountered imaginable nett earthy state wage successful some the Caruaçu Member of the Maracangalha Formation and the Gomo Member of the Candeias Formation, with an aggregate 47.7 metres full vertical extent of imaginable earthy state pay. The institution has completed the good successful 3 intervals and expects to person it connected accumulation aboriginal this month.

In July, Alvopetro commenced drilling the 183-H2 well, which is targeting the prospective assets information of the Caruaçu structure. The institution reported that drilling was astatine a extent of 1,399 metres and expects drilling to beryllium completed aboriginal this month. Following the well, Alvopetro plans to determination the drilling rig to the 183-G2 location, the archetypal Caruaçu improvement good from its recently constructed 183-G good pad.