#Canada #Calgary #Frontera Energy #ODL Pipeline #Puerto Bahia

Frontera Energy Reports Financial Results for Q2 2026

CALGARY, AB, August 14, 2026 — Frontera Energy Corporation, trading as TSX: FEC and OTCQX: FECCF, has released its financial and operational performance overview for the second quarter of 2026. The results indicate a tremendous growth phase for the company, showcasing a remarkable net income of $29 million and an adjusted EBITDA increase of 18% year-over-year, summing up to $30.5 million. This growth is attributed not only to strong operational efficiencies but also to impactful strategic moves made in the last few quarters, marking Frontera's transition into a focused infrastructure player in the energy sector.

Key Achievements

During this quarter, Frontera completed its transformation into a specialized infrastructure company centered around its flagship facilities, Puerto Bahia and a critical ODL pipeline that ensures the delivery of crude oil. Gabriel de Alba, the Chairman of the Board, expressed satisfaction with the transformation's completion, highlighting the substantial C$590 million returned to shareholders, translating to C$8.34 per share.

The CEO, Orlando Cabrales, commended Frontera's impressive operational performance with Puerto Bahia achieving record volumes, particularly with more than 48,000 RoRo (Roll-on/Roll-off) units processed, which indicates a robust demand in transportation and logistics aspects of the company.

Financial Overview

The financial summary for the second quarter showcases a progress trajectory compared with previous periods:

• - Total Revenues: Increased from $26.8 million in Q1 2026 to $31.3 million, reflecting improved operational effectiveness at Port Operations and the ODL pipeline.
• - Net loss from continuing operations narrowed to $4.0 million, a notable recovery position compared to last year’s loss of $439.2 million for the same quarter.

The company handles operational costs adeptly, showcasing lower ratios and improving margins. Importantly, adjusted EBITDA margins remained strong at 63% for the corresponding terms, driven mostly by increased throughput at Puerto Bahia.

Infrastructure Development

Frontera's portfolio emphasizes infrastructure — especially significant investments in the Puerto Bahia LNG project, which is critical for the company’s future in addressing Colombia’s energy security. The company established a take-or-pay agreement with Ecopetrol, securing LNG regasification services, while simultaneously advancing its project in collaboration with Excelerate Energy, emphasizing liquidity developments and valuation increases in infrastructure.

ODL pipeline, with Frontera holding a 35% interest, has also maintained its robust performance, transporting nearly 30% of Colombia’s crude oil production — a vital artery in Colombia's overall energy landscape. Frontera's investment in ODL has continued to produce strong dividends, solidifying its position within the sector.

Future Outlook

Looking forward, Frontera is poised to navigate an exciting phase, with project developments aimed at enhancing cash flow generation through LPG and LNG projects, creating a path toward sustainable long-term growth. The company is committed to maintaining a disciplined approach to investments and capital allocation while focusing on shareholder value.

Frontera Energy Corporation operates with a core mission to uphold superior safety standards and sustainability practices as recognized by Ethisphere's World's Most Ethical Companies® for six consecutive years. As Frontera aligns its strategic initiatives and operational capacities, its stakeholders remain optimistic about the path ahead as it seeks to fortify its role in enhancing Colombia's energy security.