Zefiro Methane Corp. (OTCQB: ZEFIF) generates a steady stream of company news centered on methane abatement, environmental services, and energy infrastructure projects. As an environmental services company operating within the oil and gas equipment and services space, Zefiro regularly reports on field operations, financial performance, and developments in its carbon offset activities.
Recent news has highlighted the work of Zefiro’s subsidiary Plants & Goodwin, Inc. (P&G), which executes plug and abandonment and infrastructure-improvement projects across multiple U.S. states. Updates have included the permanent decommissioning of marginal gas wells at a power plant site in Western Pennsylvania and a multi-step remediation program on previously plugged wells in the Lake Charles region of Louisiana to support construction of a new energy infrastructure facility.
Investors following ZEFIF news can expect coverage of project awards and completions, such as federally funded orphan well initiatives and contracts with private infrastructure developers. The company also issues releases on financial results, including quarterly and year-end earnings, revenue trends, expense management, and free cash flow, as well as information about debt reduction and balance sheet initiatives.
Additional news topics include carbon market activity, where Zefiro reports on the issuance and sale of methane-related carbon credits under methodologies like American Carbon Registry Project 959, and corporate governance and shareholder matters, such as annual and special meetings, insider share purchases, and board-level investigations or policy changes. For readers tracking the intersection of environmental remediation, methane reduction, and carbon markets, the ZEFIF news feed offers ongoing insight into Zefiro’s operations, contracts, and strategic focus.
Zefiro Methane (ZEFIF) has completed plugging two oil and gas wells inside Cuyahoga Valley National Park near Cleveland, Ohio.
The work was performed under a contract awarded in June 2026 and marks the company's second well-plugging engagement in the park. The National Park Service featured the earlier project in a dedicated website profile. Its inventory conducted in connection with the Bipartisan Infrastructure Law identified approximately 1,800 oil and gas wells across at least 47 parks.
Zefiro Methane (ZEFIF) reported fiscal 2026 revenue of $42.5 million, up 31.1% from fiscal 2025.
Gross profit rose 66.0% to $12.4 million, and gross margin increased to 29.2% from 23.0%. The annual net loss narrowed to $3.5 million from $10.8 million. Adjusted EBITDA, a non-IFRS measure, was $3.8 million, compared with a $4.0 million loss. Fourth-quarter revenue rose 16.7% to $9.3 million, but gross margin fell to 18.6% from 32.8% and the net loss widened to $2.8 million from $1.2 million.
In May 2026, Zefiro acquired Viking Well Service operating assets for $4.3 million, adding five rigs. It began work on a $19.6 million Ohio well contract. September awards included an $11.5 million state-funded contract and three federally funded projects valued at approximately $1.9 million. April and June private placements raised approximately $5.7 million in gross proceeds.
Zefiro Methane (ZEFIF) has begun its first operations in Indiana and Michigan, including a carbon sequestration well, as of September 22, 2026.
In eastern Indiana, the company is executing an eight-week carbon sequestration project, evaluated in suitable geologic strata, representing approximately US$750,000 in revenue. This is both Zefiro’s first work in Indiana and its first project in carbon sequestration, extending its well-plugging expertise into a new demand category.
In Michigan, Zefiro has started an emergency response job on a single well with hydrogen sulfide flowing to surface, expected to generate about US$500,000 in revenue, which exceeds its typical per-well economics. The company states that these awards were enabled by its May 2026 Viking Well Service equipment acquisition.
Zefiro Methane Corp. (ZEFIF) has been awarded three additional federally funded well-plugging projects in Ohio and Pennsylvania with a combined value of approximately US$1.9 million, covering 12 orphaned wells.
In Ohio, the Trumbull 3F and Lake 18F projects total eight wells and are expected to generate about US$1.47 million in revenue, or roughly US$184,000 per well, which is more than 40% above the Ohio Orphan Well Program’s published average per-well cost of US$129,997.93. Zefiro was the sole bidder on the Lake 18F project. The Pennsylvania project covers four lower-cost wells near the company’s Bradford headquarters; management expects at least US$435,000 in revenue under a Time & Materials contract that allows additional compensation if scope expands. Zefiro was also the only bidder there. Work is expected to begin in December 2026 or January 2027, with a 12-month window to complete the contracts.
Zefiro Methane Corp (ZEFIF) has been awarded a state-funded well-plugging services contract valued at US$11.5 million, for work scheduled between November 2026 and June 2029 in a Great Lakes state in the northeastern United States.
Under the grant terms, approximately US$3 million must be spent from November 2026 through June 30, 2027, with the remaining US$8.5 million expected to be deployed between July 2027 and June 2029. The company describes this engagement as part of a growing portfolio of environmental remediation projects across key U.S. markets, leveraging its expanded equipment fleet, crews and partnership with the Well Done Foundation.
This award follows a June 2025 win of a three-year, US$19.6 million Construction Manager at Risk contract from the Ohio Department of Natural Resources to remediate about 200 high-priority marginal wells, alongside ongoing public- and private-sector plugging contracts.
Zefiro Methane Corp (ZEFIF) has engaged MZ Group to lead a strategic investor relations and financial communications program across its key capital markets.
MZ Group will work with management on a comprehensive capital markets strategy, including roadshows, investment conferences and enhanced visibility through financial and social media channels. Zefiro highlights its vertically integrated methane abatement platform, anchored by subsidiary Plants & Goodwin, serving customers across 13 U.S. states through government-funded orphan well plugging, private-sector plug and abandonment, methane monitoring and carbon credit origination.
Zefiro recently reported record revenue of USD $33.2 million for the first nine months of fiscal 2026 and seven consecutive quarters of positive operating cash flow. On a trailing twelve months basis, revenue grew 21% YoY to $41.2 million, gross margin expanded about 900 bps to 32%, and operating cash flow reached $4.3 million. The contracted pipeline includes a $19.6 million orphan well contract in Ohio and added capacity from the Viking Well Service equipment acquisition.
Zefiro Methane Corp. (OTCQB: ZEFIF) announced the release of “The Hazard Below”, a 25‑minute educational documentary on the orphan oil and gas well crisis in the United States. The film features field footage of well‑plugging work performed by Zefiro and interviews with environmental experts.
The documentary is led by financial reporter Lyndsay Malchuk and includes commentary from Environmental Defense Fund’s Adam Peltz, Ohio River Valley Institute’s Ted Boettner, and Zefiro executives Catherine Flax and Luke Plants. It was produced and distributed by German capital markets communications firm Apaton Finance as part of its consulting engagement with Zefiro and is available to watch free at hazardbelowmovie.com.
Zefiro Methane (Cboe Canada: ZEFI, FSE: Y6B, OTCQB: ZEFIF) reported continued progress in its nationwide orphan well plugging partnership with the Well Done Foundation, recently highlighted on the front page of The Bradford Era in Pennsylvania. The feature focused on a Bradford-area orphan well, Warrant 3489 Johnston & Mathews #1, discovered leaking significant methane and ultimately plugged in November 2025 by Zefiro subsidiary Plants & Goodwin after coordination with the Pennsylvania Department of Environmental Protection.
The article also referenced Zefiro’s broader activities, including a 15,000-foot-deep well project in Oklahoma, generation of 92,956 metric tons of verified CO2-equivalent reductions, a three-year USD $19.6 million contract with the Ohio Department of Natural Resources, plugging more than 75 state-funded orphan wells in Ohio and Pennsylvania in 2025, and USD $850,000 of methane-monitoring work in West Virginia.
Zefiro Methane (OTCQB: ZEFIF) announced a strategic teaming agreement with the Well Done Foundation (WDF), under which Zefiro will provide plug-and-abandonment services for orphan oil and gas wells on WDF-led projects across the 13 U.S. states where Zefiro operates. The partnership begins with an initial purchase order to plug ten wells in the Deep Fork National Wildlife Refuge in Oklahoma during 2026, with a further 20 wells expected in 2027 under WDF’s engagement with the U.S. Fish and Wildlife Service. Zefiro and WDF will also share a yard in Okmulgee, Oklahoma, giving Zefiro a sustained operating presence in a major oil and gas hub. The companies have an existing track record together, including the Bear Run 001 project in Pennsylvania, where Zefiro’s subsidiary plugged an orphan well that reduced 23,746 metric tons of CO2-equivalent emissions. According to Zefiro, WDF has plugged over 120 wells nationwide, eliminating more than five million metric tons of CO2-equivalent emissions.
Zefiro Methane (OTCQB: ZEFIF) highlighted growing revenue from well-plugging services tied to power infrastructure and AI data center energy projects. The company reports expanded equipment and crews, enabling more plug-and-abandonment work for utilities, E&P firms, and government clients across multiple U.S. states.
Recent projects include a three-month Indiana County, Pennsylvania job supporting a coal-to-gas plant conversion, and a USD $5 million Lake Charles, Louisiana remediation project completed three weeks early. Management views these infrastructure contracts as an important part of Zefiro's long-term growth strategy.