Tenaz Energy Corp Reveals Q2 Financial Turnaround

Tenaz Energy Corp (TSE:TNZ) has released an update.

Tenaz Energy Corp reported mixed Q2 2024 results with a 13% decline in production volumes from the previous quarter, yet an overall 32% increase from the same period last year due to strategic acquisitions and drilling. The company’s funds flow from operations fell by 21% quarter-over-quarter, but saw a 73% rise compared to Q2 2023. Notably, Tenaz recorded a net income of $1.3 million, signaling a turnaround from prior losses, and announced significant acquisitions and a new credit facility with National Bank of Canada.

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