Prospera Energy (PEI) Q1 2026 earnings summary

Executive summary

• Achieved uninterrupted winter operations with no pipeline failures, improving reliability compared to five failures in Q1 2025.

• Production increased 9% year-over-year to 720 boe/d, though down 3% sequentially from Q4 2025.

• March saw a sharp profitability inflection due to rising oil prices, contributing 80% of Q1 net operating result.

• Balance sheet strengthened through debt settlements, private placement, and liability management.

Financial highlights

• Q1 2026 sales revenue was $4.52 million ($69.75/BOE), with operating netback averaging $11.98/BOE.

• March realized sales revenue per BOE rose to $86.73, with operating netback at $27.70/BOE.

• Capital expenditures totaled $0.7 million, focused on infrastructure and maintenance.

Outlook and guidance

• Elevated oil prices post-Q1, with WTI July 2026 futures at $97.91/bbl, expected to sustain higher netbacks.

• Sustained commodity prices anticipated to support Luseland development and further liability reduction.