Lotus Creek Exploration Inc. Announces First Quarter 2026 Operating Results and Expanded Capital Budget
Lotus Creek reported a significant increase in Q1 2026 Adjusted FFO to $10.6 million, up from $1.6 million in the prior year, with production rising to 4,010 boe per day. The company strengthened its balance sheet by selling non-core Tableland assets for $13.0 million and extended its credit facility maturity with ATB Financial to May 31, 2028.
Key figures
- Guidance
- 2026 annual production guidance raised to 3,800-4,200 boe/d (from 3,600-4,000 boe/d); 2026 capital budget increased to $50.0 million (from $42.0 million)
- Net debt
- 13700000
- Adjusted ffo q1 2025
- 1600000
- Adjusted ffo q1 2026
- 10600000
- Capital invested q1 2026
- 14400000
- Production q1 2026 boe per day
- 4010
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