Welcome to our dedicated page for JOURNEY ENERGY news (Ticker: JRNGF), a resource for investors and traders seeking the latest updates and insights on JOURNEY ENERGY stock.
Journey Energy Inc. reports operating and financial developments for a Canadian oil and gas producer with crude oil, natural gas liquids and natural gas sales. Recurring updates cover production volumes, adjusted funds flow, net income, commodity hedging effects, reserves evaluations and the company’s mix of liquids and natural gas output.
Company news also includes Duvernay light oil development and joint venture activity, power generation projects such as Gilby and Mazeppa, non-core asset divestments, normal course issuer bid activity, convertible debenture disclosures and other capital-structure matters tied to its upstream energy operations.
Journey Energy (JRNGF) closed the acquisition of a private company for total consideration of $8.0 million, subject to customary closing adjustments, on September 11, 2026.
The acquired company’s primary asset is a 0.98% working interest in the Keyera Rimbey natural gas processing facility and associated infrastructure, which generates approximately $0.7 million per year in third-party processing revenue. Journey expects the acquisition to reduce operating expenses for processing its Duvernay Joint Venture gas and forecasts a payout in two to three years based on anticipated revenues and cost savings.
The company also posted a new September corporate presentation with updated 2026 guidance and preliminary initial 2027 guidance, and will present at the Peters & Co. 30th Annual Energy Conference in Toronto.
Journey Energy (OTCQX: JRNGF, TSX: JOY) has closed the previously announced sale of its Northwest Alberta assets, including the Ante Creek pool, Pine Creek gas field and certain minor properties. The divested assets were producing approximately 1,170 boe/d (68% liquids) and carried estimated end-of-life costs of about $31 million.
According to Journey, gross proceeds before closing adjustments were approximately $28 million. The company plans to direct these funds to the ongoing development of its unconventional Duvernay light oil resource play, while continuing to advance its power generation projects at Gilby and Mazeppa.
Journey Energy (OTCQX: JRNGF) entered a definitive agreement with a private company to sell certain Northwest Alberta assets, including the Ante Creek pool, Pine Creek gas field and minor properties, for $28 million cash, subject to customary adjustments. The assets produce about 1,170 boe/d (68% liquids) and have estimated end-of-life costs of $31 million. The disposition is effective July 1, 2026 and is expected to close September 1, 2026, with proceeds directed to Duvernay light oil development.
According to Journey, this and prior divestitures over two years total about 3,000 boe/d sold, generating $42.3 million and cutting corporate end-of-life costs by over $78 million. For 2026, including the Countess sale, transactions have realized $35 million and reduced end-of-life obligations by over $50 million, leaving current end-of-life costs at about $167 million. 2026 sales volume guidance is expected to decrease by roughly 390 boe/d (67% liquids), with no change to capital spending guidance and only a minor expected impact on Adjusted Funds Flow.
Journey Energy (OTCQX: JRNGF) reported Q2 2026 net income of $18.5 million ($0.27 basic EPS), up sharply from $4.1 million a year earlier, on sales revenue of $63.2 million (40% higher year-over-year). Adjusted Funds Flow was $18.4 million, while cash flow from operations reached $19.5 million.
Average sales volumes were 10,017 boe/d, down 9% year-over-year, but realized prices increased 53% to $69.32/boe/b), lifting operating netback to
The company advanced its Duvernay program, bringing 4 (1.2 net) high-liquids wells on-stream with IP30 rates of ~1,115 boe/d per well, and now plans about $60 million of 2026 Duvernay JV capital. Power projects progressed, with the Gilby plant starting test exports, while the Mazeppa project’s initial start date was deferred to August 11, 2027.
Journey Energy (OTCQX:JRNGF) expanded its 2026 Duvernay capital program to 16 gross (4.2 net) wells, lifting Duvernay spending to the high end of $75 million, including $20 million of net facility capital.
2026 total capital spending guidance rises to $100 million. Annual average sales volumes are now guided to 10,300-10,700 boe/d, with higher liquids weighting. Journey closed the $7 million Countess asset sale and highlights power projects with an estimated pre-tax NPV10 of about $69 million.
Journey Energy (OTCQX: JRNGF) reported voting results from its May 27, 2026 annual and special meeting. Shareholders fixed the board at seven directors and elected all seven management nominees with support levels of about 81–84%.
KPMG LLP was reappointed auditor with 96.72% of votes cast. Unallocated share options and an amendment giving the board authority to amend the option plan without shareholder approval passed with 68.64% and 66.06% support, respectively. Unallocated share awards under the restricted and performance award plan were rejected, with only 31.65% support, leading to cancellation of unallocated awards and a halt to new awards until future shareholder approval.
Journey Energy (OTCQX: JRNGF) agreed to sell its non-core Countess assets to a private buyer for $7 million in cash, subject to adjustments. The package includes the Countess gas field and a 4 MW power facility producing about 953 boe/d of natural gas.
The assets represent roughly 9% of Journey's AER Liability and have received no capital for several years. Closing is expected on June 1, 2026, with proceeds directed to developing the Duvernay light oil play. 2026 sales volume guidance is reduced by about 500 boe/d, with no change to capital spending guidance and, according to Journey, no material impact on 2026 Adjusted Funds Flow.
Journey Energy (OTCQX: JRNGF) reported Q1 2026 results: sales volumes 10,456 boe/d (60% liquids), a net loss $5.8M ($0.09/share) and Adjusted Funds Flow $13.7M ($0.20/share). Q1 capex was $17.0M and net debt was $56.0M. The company plans $80–90M 2026 capital spending, with Duvernay development and power projects guiding medium‑term growth.
Operationally, four Duvernay wells were drilled; Gilby power is complete and Mazeppa entered final construction. Asset marketing is planned; no sales are assumed in guidance.
Journey Energy (OTCQX: JRNGF) reported 2025 results with net income of $25.9 million and Adjusted Funds Flow of $71.0 million. Sales averaged 11,261 boe/d for the year (61% liquids). Net debt fell 16% to $50.6 million. Capital spending was $49.4 million, focused on Duvernay development and power projects, and 2026 Duvernay spend is forecast at $50–65 million with Journey's net share of major facilities ~$15 million.
The company closed five non-core divestments for $6.8 million, reduced end-of-life costs by $23 million, and reports Duvernay TPP NPV@10% increased to $4.82/share.
Journey Energy (OTCQX: JRNGF) reported 2025 year-end reserves and a record net asset value of $1.0 billion or $14.17 per fully diluted share. Total proved plus probable (TPP) reserves rose 1% to 86.3 MMboe and TPP NPV@10% increased 10% to $972.0 million.
Highlights include Duvernay bookings, $238M FDC, a 3.23:1 Duvernay recycle ratio, power‑project upside of ~$74.9M NPV@10%, and audited results due March 11, 2026.