Frontera posts $29.0 million Q2 net income, advances Puerto Bahía LNG project

Frontera Energy reported second-quarter 2026 net income of $29.0 million and said Adjusted EBITDA increased 18% from a year earlier to $30.5 million, helped by stronger performance at Puerto Bahía and steady cash generation from its 35% interest in ODL. The company said it completed its transformation into a focused infrastructure business through the Parex Resources Inc. arrangement and subsequent capital return, distributing C$8.34 per share, or C$590 million, to shareholders. Puerto Bahía handled a record 48,074 roll-on/roll-off units and ODL transported about 239,000 barrels per day in the quarter. Frontera also said Puerto Bahía's LNG regasification project moved forward through a seven-year take-or-pay agreement with Ecopetrol and secured FSRU (floating storage and regasification unit) capacity with Excelerate Energy, with management targeting first gas in early 2027.

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