Frontera Energy (TSE:FEC) Announces Earnings Results

Frontera Energy (TSE:FEC) issued its quarterly earnings data on Thursday. The company reported C$0.24 earnings per share for the quarter, FiscalAI reports. Frontera Energy had a negative return on equity of 94.31% and a negative net margin of 119.59%. The firm had revenue of C$79.96 million during the quarter.

Here are the key takeaways from Frontera Energy’s conference call:

• Third-quarter adjusted EBITDA rose 16% year over year to $34.8 million, with net income of $11.7 million, reversing the prior quarter’s loss. Revenue and other income also increased to $33 million from $27.9 million a year earlier.
• Puerto Bahía port revenue grew to $15.6 million, led by a 21% quarter-over-quarter increase in general cargo and more than tripling LPG throughput. ODL transported approximately 242,000 barrels per day and continued to provide a stable source of cash distributions.
• The Puerto Bahía LNG project was 71% complete and remains on track to start operations in February 2027 under an Ecopetrol take-or-pay agreement; LPG phase two was also sanctioned, with operations targeted for 2028. A potential 150–300 MW gas-fired power plant and further dry-cargo growth are under evaluation, but remain subject to approvals and commercial arrangements.
• Net debt fell to $107.2 million from $114.2 million at the end of June, while the company reported $83.9 million in cash and cash equivalents. Puerto Bahía drew a $30 million revolving facility and a separate $7.7 million term-facility disbursement to fund LNG-project capital expenditures.
• Management has not yet provided EBITDA guidance for the LNG or LPG projects, project hurdle rates, or a framework for future capital returns or dividends. It said more project-specific financial guidance is expected at the beginning of 2027.

Frontera Energy Stock Performance

Frontera Energy stock opened at C$7.58 on Friday. The stock has a market cap of C$536.43 million, a P/E ratio of -0.88, a price-to-earnings-growth ratio of 0.06 and a beta of -0.33. The company has a current ratio of 1.07, a quick ratio of 0.72 and a debt-to-equity ratio of 67.06. The stock has a 50 day moving average of C$8.20 and a 200-day moving average of C$10.88. Frontera Energy has a 52 week low of C$5.36 and a 52 week high of C$16.77.

Frontera Energy Company Profile

Frontera Energy Corporation is a Canadian public company dedicated to energy-focused investments in South America, including a significant footprint in midstream assets in Colombia, such as Puerto Bahia and the ODL pipeline as well as exploration and development assets with interests in 18 blocks in Colombia and Guyana. Frontera has entered into a transaction pursuant to which its interest in the 17 blocks in Colombia together with its Proagrollanos and Agrocascada assets, are being sold, with closing expected in the second quarter of 2026.