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Zefiro Methane Corp. ( (TSE:ZEFI) ) has provided an announcement.
Zefiro Methane Corp. reported a strong fiscal third quarter of 2026, with expected revenue of about USD $11 million, more than 50% higher than a year earlier, driven by expanded operations beyond its traditionally slow winter season. The company completed its first Louisiana infrastructure project three weeks ahead of schedule, secured a contractor license in the state, and continued methane monitoring on 407 wells, signaling growing operational scale and recurring demand.
In Ohio, subsidiary Plants & Goodwin advanced its second-largest orphan well project, Wood 12F, finishing over 35% of the 37 wells, and won a new ODNR contract for the Richland 5 orphan well program valued at more than USD $800,000. Management highlighted alignment on prioritizing revenue from established channels and expects this operational momentum and geographic diversification to support continued growth and make 2026 a significant year for shareholders.
More about Zefiro Methane Corp.
Zefiro Methane Corp. operates in the environmental services and energy infrastructure sector, focusing on plug-and-abandonment of orphan oil and gas wells and methane monitoring and quantification. Through its subsidiary Plants & Goodwin, Inc., the company targets projects across key U.S. regions, including Appalachia, Ohio, and Louisiana, positioning itself to benefit from regulatory-driven demand for emissions reduction.
See more insights into ZEFI stock on TipRanks’ Stock Analysis page.