NZEC Sees Significant Growth in Q2 Earnings Amid Plans to Restart Tariki Gas Production

New Zealand Energy Corp., a publicly listed energy company based in Vancouver, reported its financial results for the second quarter of 2026. The company filed its financial statements on SEDAR+ and provided an operational update.

For the three months ending June 30, 2026, NZEC reported net income of $708,775, compared to a net loss of $1,635,593 in the corresponding period of 2025. Revenue for the quarter increased to $2,160,454, up from $225,659 in Q2 2025.

The company's oil production rose to 10,950 barrels (NZEC share), a significant increase from 1,685 barrels in the same period last year. Oil sales revenue also increased to $1,802,492 on sales of 13,001 barrels at an average realized price of $138.65 per barrel.

New Zealand Energy Corp. is planning to restart Tariki gas production in September 2026, following a successful workover and flow testing of the Tariki-1A well. The company will also begin further flow testing of the Tariki-5A well with sand catcher equipment.