Frontera Energy Reports Strong 2023 Financial Results

Frontera Energy Corp (OTC) (TSE:FEC) has released an update.

Frontera Energy Corporation boasted a prosperous year with a net income of $193.5 million, a daily production average of 40,919 Boe/d, and a robust operating EBITDA of $467.2 million. The company declared a quarterly dividend of C$0.0625 per share and reported significant reserves, including 164.1 million Boe 2P gross reserves. Additionally, Frontera made strides in sustainability by commissioning its first solar farm and achieving 50% emissions offset through carbon credits.

For further insights into TSE:FEC stock, check out TipRanks’ Stock Analysis page.