Alvopetro Achieves Strong Q2 Results with Boe Sales Revenues Hitting $19.2 Million

Alvopetro Energy Ltd., which trades as ALV on the OTCQX, has reported its financial results for Q2 2026. The company's President and CEO, Corey C. Ruttan, commented that they have 'continued to deliver strong results in 2026.'

In Q2 2026, Alvopetro achieved average daily sales volumes of 3,067 boepd, with revenues of $19.2 million and funds flow from operations of $14.1 million. The company's realized natural gas price was $10.98/Mcf, leading to an operating netback of $59.08/boe and an 86% operating netback margin.

Alvopetro has also made significant progress with its development activities in Q2 2026. The company completed drilling the 183-D1 well on its 100% owned Murucututu natural gas field, which encountered potential net natural gas pay in both the Caruaçu Member of the Maracangalha Formation and the Gomo Member of the Candeias Formation.

In July, Alvopetro commenced drilling the 183-H2 well, targeting the prospective resource portion of the Caruaçu structure. The company plans to move the drilling rig to the 183-G2 location after completing the 183-H2 well and is focused on expanding its field production facility and pipeline offtake capacity in the second half of 2026.