Petrus Resources Announces First Quarter 2026 Financial and Operating Results

Executive Summary of Recent Release

• Petrus Resources reported First Quarter (Q1) 2026 financial and operating results released May 6, 2026.
• Total production reached 10,054 boe/d, representing a 13% year-over-year increase compared to Q1 2025.
• Funds flow for the quarter was $13.3 million, up 7% from $12.5 million in Q1 2025.
• The company confirmed the successful closing of the Cardium asset acquisition (Harmattan area) on February 19, 2026, adding approximately 2,000 boe/d to production.
• Full year 2026 guidance remains unchanged: Production 11,000–12,000 boe/d and Funds Flow $60 million–$65 million.

Evaluation of News Impact

• The Q1 results confirm the execution of the February acquisition strategy, validating the projected +2,000 boe/d production increase.
• Funds flow growth (7% YoY) aligns with expectations set in Q4 2025 and early 2026 guidance announcements.
• Production metrics exceed previous quarterly trends, indicating successful integration of Harmattan assets.

Corporate Profile

• Company: Petrus Resources Inc.
• Focus: Oil-weighted Deep Basin assets in Central Alberta (Ferrier and Harmattan areas).
• Flagship Project: Ferrier Core Area drilling program combined with recent Cardium asset acquisition in the Harmattan area.