Cavvy Energy Boosts 2026 Guidance on Strong Q2 Results

Cavvy Energy Ltd (TSX:CVVY) has raised its guidance for 2026 after releasing second-quarter results, which show a sharp increase in profitability and debt reduction.

The company's net operating income came in at about $49.6 million, up around 87% year over year, while the operating netback jumped to roughly $25.38 per barrel of oil equivalent, more than double the prior-year level.

Cavvy also reported a record quarterly debt repayment of about $39.2 million, leaving total debt near $86.8 million at the end of June.