Southern Energy Corp. Reports 4% Increase in Petroleum and Natural Gas Sales for Q2 2026

Southern Energy Corp., an oil and gas producer in Mississippi, has released its second-quarter financial and operating results for 2026. The company reported $4.2 million in petroleum and natural gas sales during Q2 2026, a 4% increase from the same period in 2025.

This growth was primarily due to higher oil production and stronger realized oil prices, according to Ian Atkinson, President and Chief Executive Officer of Southern. The company's average production decreased by 7% from Q2 2025, mainly because of a transportation dispute that temporarily shut in approximately 400 boe/d of production from the Mechanicsburg and Greens Creek Fields.

The company achieved an average natural gas price premium of $0.25/Mcf (approximately 9%) above the NYMEX Henry Hub benchmark during Q2 2026. Southern generated $0.7 million of Adjusted Funds Flow from Operations in Q2 2026, a 15% increase from the same period in 2025.

The company is currently working with Federal Energy Regulatory Commission (FERC) staff to resolve the ongoing Transportation Dispute and has spudded the Terrible Creek 21-2 #2 Cotton Valley test well in the Williamsburg Field. Southern remains committed to disciplined capital allocation and maximizing funds flow per share by prioritizing high-return oil and liquids-weighted opportunities.