Frontera Energy Corp (OTC) ( (FECCF) ) has released its Q2 earnings. Here is a breakdown of the information Frontera Energy Corp (OTC) presented to its investors.
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Frontera Energy Corporation is a Canadian public company engaged in the exploration, development, production, and sale of oil and natural gas in South America, with a diverse portfolio of assets across Colombia, Ecuador, and Guyana.
In its second quarter of 2025, Frontera reported a net loss of $455.2 million, primarily due to non-cash impairment charges related to its interests in the Corentyne License and Ecuadorian assets. Despite this, the company increased its total production by 1% quarter over quarter and generated an operating EBITDA of $76.1 million.
Key highlights from the quarter include a successful $80 million tender offer and consent solicitation of outstanding 2028 senior unsecured notes, and the declaration of a quarterly dividend of C$0.0625 per share. Frontera also executed its largest substantial issuer bid to date, with over 92.6% shareholder participation. The company continued to focus on operational improvements, reducing production and transportation costs, and enhancing its infrastructure business in Colombia.
Looking forward, Frontera plans to continue its focus on returning capital to shareholders through dividends and share repurchases, while also exploring strategic initiatives to enhance shareholder value. The company remains committed to resolving issues related to its Guyana operations and optimizing its asset portfolio to focus on high-impact Colombian operations.