WesCan Energy Reports First Quarter Fiscal 2027 Results: Return to Profitability as Provost Drives 197% Revenue Growth
August 25, 2026 | Calgary, Alberta - TheNewswire Net income of $568,279, funds from operations up more than nine-fold, and net debt reduced by approximately $0.8 million. WesCan Energy Corp. (“WesCan” or the “Company”) (TSXV: WCE) today announced its financial and operating results for the first quarter of fiscal 2027, the three months ended June 30, 2026. Building on the transformational fiscal 2026 year, a full quarter of production from the Company’s Provost multilateral horizontal well drove a return to profitability, a near-tripling of revenue, materially higher funds from operations and a meaningful reduction in net debt. First Quarter Highlights (three months ended June 30, 2026) Q1 2027 Q1 2026 Net income (loss) $568,279 $(151,015) Petroleum & natural gas revenue $2,003,238 $674,605 Revenue, net of royalties $1,679,908 $594,495 Funds from operations (1) $962,351 $104,800 Cash provided by operating activities $695,749 $201,966 Average production (boe/d) (1) 209 124 Operating netback ($/boe) (1) $56.36 $17.06 Operating costs ($/boe) (1) $32.00 $36.00 Net income (loss) per share – basic & diluted $0.01 $(0.00) June 30, 2026 March 31, 2026 Cash $457,895 $88,452 Working capital
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