Strathcona Resources
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Strathcona Resources (SCR) investor relations material

Strathcona Resources Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary5 Aug, 2026

Executive summary

  • Q2 2026 production averaged 117,022 boe/d, with 99.7% liquids, remaining flat sequentially from Q1 2026.

  • Operating Earnings reached $376 million ($1.76/share), up 94% from the previous quarter, driven by higher oil prices.

  • Free Cash Flow hit a record $296 million ($1.38/share), supported by higher earnings and lower capital expenditures.

  • Quarterly dividend of $0.30 per share declared, payable September 21, 2026.

Financial highlights

  • Oil and natural gas sales, net of blending and other income, were $1,080 million for Q2 2026, up from $971 million in Q2 2025.

  • Net income for Q2 2026 was $333 million, compared to $231 million in Q2 2025.

  • Funds from Operations totaled $538 million in Q2 2026, up from $414 million in Q2 2025.

  • Capital expenditures were $233 million in Q2 2026, down from $379 million in Q2 2025.

  • Net debt at quarter-end was $1.93 billion.

Outlook and guidance

  • 2026 production guidance midpoint unchanged; range tightened to 122–128 Mbbls/d, with exit production expected at 135 Mbbls/d (15% exit-to-exit growth).

  • 2026 capital budget remains at $1.0 billion.

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