Commodities
New Zealand Energy Sees Profits Soar as Oil Output Rises
New Zealand Energy Corp. reported a significant turnaround in its financials for Q2 2026, compared to the same period in 2025.
The company posted net income of $708,775, up from a loss of $1,635,593 in Q2 2025.
Revenue more than quadrupled to $2,160,454, driven by increased oil production and higher prices.
New Zealand Energy completed a private placement of $3.5 million during the quarter and ended with cash and equivalents of $2,055,176 and positive working capital of $1,446,232.