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NG Energy's Q1 2026 Financial Highlights

NG Energy International Corp., a growing natural gas exploration and production company, has recently filed its financial results for the first quarter of 2026. The company's report highlights remarkable advancements in its operations and a significant increase in natural gas and natural gas liquids (NGL) sales.

In Q1 2026, NG Energy reported natural gas and NGL sales totaling $9.5 million, representing a 48% year-over-year increase compared to $6.4 million in Q1 2025. This substantial growth can be attributed to a blended realized natural gas price of $8.50/Mcf, reflecting the favorable pricing environment in Colombia's natural gas market. At Maria Conchita, the company achieved a realized price of $9.46/Mcf, while the Sinú-9 Block saw prices of $6.60/Mcf, with expectations for higher pricing on volumes exceeding contracted amounts.

Production and Capacity Enhancements

NG Energy's average daily net production for the quarter was 12,413 Mcf/d, with significant contributions coming from both the Maria Conchita and Sinú-9 fields. Specifically, the production mix comprised 8,227 Mcf/d from Maria Conchita and 4,186 Mcf/d from Sinú-9.

The company is optimistic about the future, anticipating increased production at Maria Conchita, where the Aruchara-5 well recently reached a total depth of 9,097 feet, demonstrating positive results from all target zones. Furthermore, the drilling program for Sinú-9 is gaining momentum, with the rig moving to the Magico-2X well as part of a six-well drilling initiative slated for 2026. This robust program aims to further explore the potential of the Pre-CDO–San Cayetano interval, adding value to the company's overall operations.

Balance Sheet and Financial Stability

The recent transactions in early 2026 played a pivotal role in transforming NG Energy's balance sheet. With the completion of the Sinú-9 transactions and cash inflow of approximately $150 million, the company's financial outlook has significantly improved. As of March 31, 2026, the available cash stands at $11.95 million, with further receivables contributing to its liquidity.

The anticipated expansion of pipeline transportation capacity at Sinú-9 to 40 MMcf/d (with the potential for future growth to 90 MMcf/d) ensures that the company will be well-positioned to handle increased production volumes. This strategic infrastructure development facilitates the ongoing growth strategy, aiming to optimize natural gas delivery to the Colombian market.

Future Outlook

NG Energy's performance in Q1 2026 serves as a strong foundation for what the company’s leadership anticipates to be an impactful year. CEO Jorge Fonseca stated, "We closed important transactions that have transformed our financial standing while simultaneously identifying a significant new gas-bearing interval. The early indications from our ongoing drilling programs suggest a promising outlook for growth."

Furthermore, the company's recent graduation to the Toronto Stock Exchange on April 30, 2026, marks a significant milestone in its mission to deliver sustainable energy solutions and enhance shareholder value. In light of current pricing conditions and operational advances, NG Energy is moving toward executing a normal course issuer bid, reinforcing its commitment to stakeholder value creation.

Conclusion

As NG Energy continues to scale its operations in Colombia's competitive natural gas sector, the company remains focused on enhancing its production capabilities and expanding its market presence. The combination of high-quality assets, strategic partnerships, and infrastructure development positions NG Energy distinctly in the natural gas industry, aiming to become a key player in supplying clean energy solutions.

For more details, investors can access the complete financial statements on NG Energy's website or consult the results available on SEDAR+. The company's commitment to transparency and growth remains the central theme as it pioneers new opportunities in the region.