sur Touchstone Exploration, Inc. (CVE:TXP)
Touchstone Exploration Reports Q3 2026 Results
Touchstone Exploration Inc. has revealed its financial and operational outcomes for Q3 2026. The company saw a 1% increase in production, which averaged 4,485 boe/d compared to 4,433 boe/d in Q2 2026. However, this figure reflects a 13% reduction from 5,142 boe/d in Q3 2025. This decline stemmed from planned maintenance and decreased crude oil output.
The company experienced a 30% revenue boost, with sales totaling $16.46 million. This was due to a 49% rise in commodity prices, despite a 13% drop in sales volumes. Net income flipped positively to $0.08 million from a $2.06 million loss in Q3 2025, primarily due to increased funds from operations.
During this period, capital expenditures were primarily directed at developing the PS-623 crude oil well. The firm reduced its net debt by 17% to $57.34 million. In October, production rose to an estimated 5,020 boe/d. Future developments include evaluating the CR-3 Karamat well.
R. H.
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