Lotus Creek Exploration Inc. Announces Third Quarter 2026 Operating Results
Key Highlights
- ➤Adjusted FFO reached a record $12.9 million, up from $1.9 million year-over-year
- ➤Production hit a record 4,157 boe per day, up from 1,425 boe per day
- ➤2026 annual production guidance increased to 3,900-4,300 boe per day
- ➤Q4 production guidance increased to 5,100-5,500 boe per day
- ➤Net debt stood at $12.8 million, with leverage at 0.2 times
Calgary, Alberta--(Newsfile Corp. - November 4, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to provide the following third quarter operating results and operational update to shareholders. Lotus Creek's Interim Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended September 30, 2026 are available for review on Lotus Creek's website at www.lotuscreek.ca and on Lotus Creek's SEDAR+ profile at www.sedarplus.ca.
QUARTERLY HIGHLIGHTS * The Company's third quarter adjusted funds from operations ("adjusted FFO") were the highest since inception on February 5, 2025. Adjusted FFO for the third quarter of 2026 was $12.9 million compared to $1.9 million for the third quarter of 2025 and $7.5 million for the second quarter of 2026. See "Non-GAAP and Other Financial Measures" in this press release. * Cash flows from operating activities for the third quarter of 2026 were $15.5 million compared to $6.7 million for the third quarter of 2025 and $5.5 million for the second quarter of 2026. Table 1
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