Yangarra Announces 2026 Third Quarter Financial and Operating Results

CALGARY, Alberta, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the three and nine months ended September 30, 2026.

Third Quarter Highlights( 1) * Funds flow from operations of $23.1 million ($0.20 per share – fully diluted), an increase of 75% from the same period in 2025 * Oil and gas revenue of $37.5 million, an increase of 54% from the same period in 2025 * Adjusted EBITDA of $24.5 million ($0.22 per share – fully diluted), an increase of 69% from the same period in 2025 * Net income of $8.3 million ($0.07 per share – fully diluted), an increase of 262% from the same period in 2025 * Average production of 10,111 boe/d (45% liquids), a 6% increase from the same period in 2025 * Operating costs of $9.57/boe (including $3.36/boe of transportation costs) * Operating netback of $28.92/boe * Operating margin of 72% and funds flow from operations margin of 62% * G&A costs of $1.64/boe * Royalties at 8% of oil and gas revenue * All in cash costs of $16.72/boe * Capital expenditures of $22.7 million * Adjusted net debt to third quarter annualized funds flow from operations of 1.2 : 1 * Adjusted net debt of $111.2 million * Retained earnings of $378.1 million * Decommissioning liabilities of $18.2 million (discounted) (1) There are references to “funds flow from operations”, “Adjusted EBITDA”, “adjusted net debt”, “Adjusted net debt to annualized funds flow from operations”, “netbacks” and “operating margins” in this press release, which are non-IFRS measures or non-IFRS ratios. Yangarra’s method for calculating non-IFRS measures and non-IFRS ratios may differ from other reporting issuers’ methods and accordingly may not be comparable. See accompanying note under the heading “Non-IFRS Financial Measures and Ratios” for an explanation of the composition of these non-IFRS measures and non-IFRS ratios.