FRONTERA ENERGY CORP.

Frontera Energy reported Q2 2026 earnings per share of $0.4304 on revenue of $31.26 million. Adjusted EBITDA rose to $30.5 million (+18% year‑on‑year) and operating cash flow turned positive at $26 million, while net debt fell to $114.2 million and the net debt/adjusted EBITDA ratio declined to 0.98x. The company positions itself as an infrastructure platform focused on Puerto Bahia, is advancing the LNG regasification project with Ecopetrol (first deliveries planned for early 2027) and secured FSRU capacity from Excelerate as well as credit facilities of $30 million and a letter of credit of $12.6 million. Improved cash generation and lower debt are intended to provide room for growth; no formal profit guidance was given. » Więcej na de.investing.com

Frontera has signed a binding agreement to sell its Colombian upstream business to Parex in a deal worth about $750m. Consideration includes up to $525m in shares, $500m cash at closing plus a $25m contingent payment; Parex will also assume $310m of senior notes and an $80m Chevron prepayment facility. After closing, Frontera plans a distribution of roughly $470m to shareholders, will retain about $50m for growth and will focus going forward on its infrastructure business. Closing is expected in Q2 2026 and is subject to shareholder and regulatory approvals. » Więcej na de.investing.com

Parex Resources has agreed to acquire Frontera’s exploration and production assets in Colombia for $500 million in cash plus assumption of $225 million in net liabilities and a $25 million contingent payment. The deal covers 17 blocks totaling over 1.1 million acres, current production of about 37,000 barrels of oil equivalent per day, and proven reserves of 99 million barrels (P) and 147 million barrels (P+P). Parex will fund the purchase from cash and credit lines, assume additional liabilities, and expects pro forma production of 80,000–88,000 barrels per day and annual cost synergies of $20–50 million. Closing is expected in Q2 2026; Parex plans to maintain its quarterly dividend and targets a pro forma net leverage ratio of around 0.8 after closing. » Więcej na de.investing.com