Advantage Energy Sees Decrease in Production Due to Planned Turnaround

Advantage Energy Ltd. (TSX: AAV) has reported its second-quarter 2026 financial and operating results, which show a 13% decrease in average production due to a planned turnaround at the Glacier Gas Plant.

The company's average production for the quarter was 70,611 boe/d (347.8 MMcf/d natural gas, 12,650 bbls/d liquids), with liquids production making up 18% of total sales.

Advantage has hedged approximately 48% of its forecasted natural gas production for the second half of 2026 and 34% in 2027, reducing direct AECO exposure to around 12% for the remainder of 2026 and 16% in 2027.

The company's net debt was $560.2 million at the end of the quarter, substantially flat from year-end 2025, and has now executed over 70% of its 2026 capital budget.