Frontera Energy Corporation reports news on its South American oil and natural gas business, including exploration, development, production, transportation, storage and sales activities. The Canadian public company holds interests in exploration and production blocks in Colombia and Guyana, with additional exposure to pipeline and port facilities in Colombia.
Recurring updates for FECCF include operating and financial results, crude oil commercial and prepayment agreements, liquidity and working-capital arrangements, capital-structure disclosures, shareholder voting matters and governance developments tied to its upstream and midstream asset base.
Frontera Energy (FECCF) reported third-quarter 2026 adjusted EBITDA of $34.8 million, up 16% from the same quarter last year. Total revenues and other income reached $33.0 million, versus $27.9 million a year earlier. Net income from continuing operations was $11.7 million, or $0.17 per share, versus $17.6 million, or $0.24 per share, a year earlier.
The liquefied natural gas project was 71% complete, with operations expected in February 2027 and estimated costs of $80 million to $100 million. Its Ecopetrol take-or-pay agreement provides for initial regasification of 126 million cubic feet daily, increasing to 300 million after two years. Frontera sanctioned liquefied petroleum gas Phase II, targeting operations in 2028. Quarterly capital expenditures reached $19.5 million. At September 30, cash was $83.9 million, total debt and lease liabilities were $191.1 million, and net debt was $107.2 million.
Frontera Energy (OTCQX: FECCF) reported second-quarter 2026 net income of $29.0 million, including a $4.0 million net loss from continuing operations and $33.0 million net income from discontinued operations. Total revenues and other income were $31.3 million, up from $26.8 million in Q1 2026 and $25.5 million in Q2 2025.
Adjusted EBITDA rose 18% year over year to $30.5 million, with a 63% margin. The company completed its transformation into a focused infrastructure business, anchored by Puerto Bahía and a 35% interest in ODL, and returned C$8.34 per share (C$590 million) to shareholders via a plan of arrangement with Parex Resources.
Puerto Bahía port revenues increased to $14.6 million, driven by record RoRo activity (48,074 units) and higher liquids volumes, while ODL transported about 239,000 bbl/d. Net debt fell to $114.2 million, with net debt-to-LTM Adjusted EBITDA improving to 0.98x.
Frontera Energy (OTCQX: FECCF) reported Q1 2026 results and progress on its strategic shift to a pure-play infrastructure business.
Shareholders approved the Parex arrangement to divest Colombian E&P assets for $750 million in enterprise value, enabling up to $470 million in capital returns and leaving about $50 million cash post-closing.
From continuing operations, Frontera recorded net income of $13.1 million, Adjusted EBITDA of $28.5 million and revenue of $26.8 million. Overall, the company posted a net loss of $15.4 million due to discontinued operations.
Infrastructure performance included Puerto Bahia port revenue of $12.7 million and a 109% year-over-year increase in RORO volumes. ODL declared $64.7 million of 2026 dividends to Frontera, while long-term debt stood at $167.8 million and is expected to decline to about $131 million by year-end 2026.
Frontera (OTCQX: FECCF) reported Q4 2025 net loss from continuing operations of $663.4M, driven by $620.4M of non-cash impairments tied to the Colombian E&P divestment and Guyana interest. FY 2025: average production 39,011 boe/d, Operating EBITDA $308M, 1P reserves 94.4 MMboe and 2P 133.8 MMboe. The company signed a definitive agreement to sell Colombian E&P assets for ~$750M and is targeting ~$470M in shareholder distributions.
Frontera Energy (OTCQX: FECCF) announced a $120 million prepayment and commercial agreement with Chevron Products Company dated December 29, 2025.
The Colombian subsidiary will receive an $80 million initial advance and may request an additional $40 million within six months. Frontera commits to deliver a portion of its crude production to Chevron for two years. Prepayments are discounted at SOFR + 4.25% per annum, with repayment starting after a six-month grace period. Net proceeds will be used to manage working capital and improve liquidity. The Agreement replaces an existing prepayment arrangement expiring end of January 2026.