Welcome to our dedicated page for Nxt Energy news (Ticker: NSFDF), a resource for investors and traders seeking the latest updates and insights on Nxt Energy stock.
NXT Energy Solutions Inc. reports business updates for its proprietary airborne SFD® survey system, a geophysical service used in oil and gas and geothermal exploration to infer stress anomalies and identify areas conducive to fluid entrapment. News commonly covers SFD® survey activity, customer projects across international basins, financial results, technology-rights ownership, and applications for subsurface resources.
Company updates also include capital actions such as private placements and early-warning ownership reports, governance changes including chief executive appointments, and investor-conference presentations tied to its Calgary-based technology and service model.
NXT Energy Solutions (OTCQB:NSFDF) reported Q1 2026 results for the period ended March 31, 2026.
SFD®-related revenue was $0.11 million, down from $12.46 million in Q1 2025, reflecting contract phase differences. NXT posted a net loss of $2.42 million versus net income of $7.68 million a year earlier.
The company converted 100% of US$6.17 million in convertible debentures to equity, ended the quarter with $3.93 million net working capital and $2.02 million in cash and short-term investments, and secured new SFD® survey work in Africa and South Asia.
NXT Energy Solutions (OTCQB:NSFDF; TSX:SFD) announced Gerry Sheehan as Chief Executive Officer, effective April 20, 2026. Sheehan is a professional geologist and geophysicist with 40 years' industry experience and has served as a NXT director since 2021.
He succeeds Bruce G. Wilcox, who is retiring from the CEO role but will remain on the board. Management says the appointment begins a third growth stage focused on expanding services, resources, geographies and clients.
NXT Energy Solutions (OTCQB:NSFDF) has signed a contract to deliver an SFD® survey for an independent oil and gas exploration company in South Asia. Data acquisition is expected to start in Q3 2026, with interpretations and recommendations due in Q4 2026. Details remain confidential at the client's request.
NXT Energy Solutions (OTCQB:NSFDF) reported 2025 year-end results showing a transformational year: revenue rose 2,437% to CA$16.35M, net loss narrowed to CA$2.32M, cash and short-term investments totalled CA$3.92M, and net working capital improved CA$11.9M to CA$5.26M. The company acquired full ownership of the SFD® technology and received a US$2.0M strategic investment to advance SFD® applications.
Management says non-cash remeasurement charges (CA$5.2M) masked an underlying pre-tax operational profit of about CA$2.88M excluding that charge.
NXT Energy Solutions (OTCQB:NSFDF) announced on December 23, 2025 that it acquired the remaining rights to the SFD® technology previously held by the heir of founder and former CEO George Liszicasz.
As a result, NXT now holds full ownership of SFD® across all present and future applications, sensor uses, and geophysical targets (including mineral systems and other subsurface resources). Prior to this transaction, NXT owned SFD® only for hydrocarbon and geothermal uses. The company said the deal was completed on arm's-length terms and that the heir remains a significant shareholder.
NXT Energy Solutions (TSX:SFD / OTCQB:NSFDF) completed the data acquisition phase of its SFD® survey in Pakistan with partner AL-Haj Enterprises Private Limited on December 4, 2025. NXT said its interpretations and recommendations will be delivered to AEPL by the end of January 2026. The survey aircraft is returning to Canada for scheduled maintenance ahead of future SFD® surveys.
MCAPM filed an Early Warning Report under National Instrument 62-103 after subscribing for 7,050,500 common shares of NXT Energy Solutions (NSFDF) in a non-brokered private placement at CAD$0.40 per share for total consideration of CAD$2,820,200. The Private Placement closed on November 24, 2025.
MCAPM owned 30,526,321 shares (≈27.94%) before the placement and owns 37,576,821 shares (≈32.30%) after the placement. MCAPM said the shares are for investment purposes and it may acquire or dispose of additional NXT securities in future. The Early Warning Report is available under NXT's SEDAR+ profile.
NXT Energy (OTCQB:NSFDF, TSX:SFD) received a US$2.0 million strategic private placement from largest shareholder Mork Capital to advance application of its proprietary SFD® technology in Western Canada.
Mork Capital was issued 7,050,500 common shares at CAD$0.40 per share and now owns approximately 32.3% of outstanding shares; proceeds are intended to provide enhanced balance sheet flexibility while preserving NXT's technology-and-service model.
The Company engaged Baycrest Energy to evaluate strategic pathways, noted >50,000 line-km of proprietary SFD® data in the Western Canadian sedimentary basin, received conditional TSX approval, and appointed Eugene Woychyshyn as President & CFO effective immediately.
NXT Energy Solutions (OTCQB:NSFDF) reported Q3 and YTD results for the period ended September 30, 2025. YTD SFD® revenue was $14.21M versus $0.60M in YTD 2024, driven by African and Southeast Asia SFD® surveys. YTD net loss narrowed to $1.08M from $6.28M in 2024; excluding a $5.83M non‑cash convertible debenture remeasurement loss, pre‑tax operations would show an approximate $4.75M profit. Approximately US$5.72M (92.7%) of debentures converted into ~29.4M common shares. Cash and short‑term investments were $0.95M and net working capital was $2.60M at Sept 30, 2025. Operations teams deployed to Pakistan for an SFD® survey with delivery expected in Q4 2025.
NXT Energy Solutions (OTCQB: NSFDF; TSX: SFD) will present at the Planet MicroCap Showcase: TORONTO 2025 on Wednesday, October 22, 2025 at 9:30 AM EDT. CEO Bruce G. Wilcox will host the presentation and answer questions at the conclusion.
The company reported $14.12 million of revenue through June 30, 2025, its highest nine‑year revenue level, and said it will share its investment story at the event. The live presentation is available via webcast and recordings will be posted on the conference platform under the "Agenda" tab. In‑person 1x1 investor meetings can be scheduled at the Arcadian Loft in downtown Toronto.