NG Energy International (GASX) Q2 2026 earnings summary

Executive summary

• Q2 2026 natural gas and NGL sales reached US$10.8 million, up 14% from Q1 2026 and 8% year-over-year.

• Year-to-date 2026 sales totaled US$20.3 million, a 24% increase over the same period in 2025.

• Combined current gross production in early August 2026 was 44.48 MMcf/d (24.21 MMcf/d net), reflecting significant operational growth.

Financial highlights

• Q2 2026 revenue was US$10.8 million, up from US$9.5 million in Q1 2026 and US$10.0 million in Q2 2025.

• Blended realized natural gas price in Q2 2026 was US$8.35/Mcf, a 16% increase year-over-year.

• Cash balance at June 30, 2026 was US$33.2 million, up from US$11.95 million at March 31, 2026.

• Capital expenditures were US$18.1 million in Q2 2026 and US$24.7 million year-to-date, mainly for drilling and development.

Outlook and guidance

• Four wells remain in the current Sinú-9 drilling program, with two scheduled for the remainder of 2026.

• Export capacity at Sinú-9 is set to increase to 40-45 MMcf/d with pipeline commissioning expected soon.

• Additional volumes from Sinú-9 and Maria Conchita are expected as drilling and infrastructure projects progress.