Journey Announces Third Quarter 2026 Financial and Operating Results; Expands 2026 Capital Program
Key Highlights
- ➤Q3 net income $16.8 million, up 279% year over year
- ➤Q3 Adjusted Funds Flow $24.3 million, up 19% year over year
- ➤2026 capital spending guidance increased to $112 million
- ➤Net debt fell 4% from year-start to $48.4 million
- ➤2027 exit volumes forecast at 11,000-11,500 boe/d, up from 2026 guidance
Expert Statements
Alex G. Verge, President and Chief Executive Officer of Journey Energy Inc.
“Journey is in the strongest position in its history to capitalize on the opportunity created by its world class Duvernay resource.”
Calgary, Alberta--(Newsfile Corp. - November 9, 2026) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce its financial and operating results for the three and nine month periods ending September 30, 2026. The complete set of financial statements and management discussion and analysis are posted on www.sedarplus.ca and on the Company's website www.journeyenergy.ca.
Highlights for the third quarter: * Generated sales volumes of 9,559 boe/d in the third quarter (56% crude oil; 12% NGL's; 32% natural gas) * Recorded $16.8 million in net income or $0.25 per basic share and $0.24 per diluted share. * Realized Adjusted Funds Flow of $24.3 million or $0.36 per basic share and $0.35 per diluted share. * Closed on the disposition of 1,170 boe/d (32% natural gas) located in Northwest Alberta for proceeds (before closing adjustments) of $28.0 million. * Acquired a working interest of approximately 1% in the Keyera Rimbey gas processing facility. * Commissioned the 14 MW Gilby power project. * Reduced net debt to $48.4 million or 4% lower than at the beginning of 2026.
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