Canacol Energy (TSE:CNE) has released an update.
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Canacol Energy Ltd. has reported a record adjusted EBITDAX of $86 million for the third quarter of 2024, driven by higher sales prices for natural gas and LNG and a favorable arbitration settlement. The company’s net income improved significantly compared to the previous year, despite a reduction in natural gas sales volume. The results highlight Canacol’s strong financial performance amid strategic operational adjustments.
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