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Edge14 Aug 2026
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Condor Energies
Condor Energies (CDR) investor relations material
Condor Energies Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary13 Aug, 2026
Executive summary
Achieved record production in Uzbekistan, averaging 13,851 boe/d in Q2 2026, up 17% sequentially and 35% year-over-year, driven by new wells and field development.
Uzbekistan natural gas and condensate sales reached $27.14 million in Q2 2026, a 20% increase from Q1 2026.
Set a new production record of 17,925 boe/d in August 2026 following completion and tie-in of additional wells.
Advanced LNG project in Kazakhstan, with first facility targeting production in Q1 2027 and ongoing third-party financing discussions.
Completed a $29.9 million public offering in April 2026 to fund Uzbekistan field development and corporate purposes.
Financial highlights
Q2 2026 Uzbekistan sales: $27.14 million, up 20% from Q1 2026.
Operating netback for Q2 2026: $12.25 million, up from $7.52 million in Q2 2025.
Natural gas operating netback per Mcf: $1.44 in Q2 2026, up from $1.28 in Q2 2025.
Condensate operating netback per bbl: $73.98 in Q2 2026, up from $44.57 in Q2 2025.
Production volumes in Q2 2026: 13,851 boe/d, up 35% year-over-year.
Outlook and guidance
Plans to drill five additional wells in Uzbekistan by year-end 2026, with drilling program extending into 2027.
Field booster compressor station EPC contract expected in Q3 2026, with commissioning in Q1 2027 to increase gas production.
LNG production in Kazakhstan expected to commence in Q1 2027, with modular expansion planned.
Ongoing evaluation and development of critical minerals licenses in Kazakhstan, with drilling at Sayakbay planned for 2027.
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Latest events from Condor Energies
- Expanding gas, LNG, and critical minerals projects drive strong growth and sustainability.CDR
Corporate presentation - Record gas output, LNG launch in 2027, and critical minerals expansion drive growth.CDRCorporate presentation
- Q1 2026 production and sales rose sharply, funding supports drilling and LNG growth.CDRQ1 2026
- Uzbekistan production and LNG progress drive growth, supported by new financing and asset sales.CDRQ4 2025
- Driving Central Asia's energy transition with gas, LNG, and critical minerals growth.CDRCorporate presentation
- Production gains, LNG expansion, and critical minerals drive a profitable turnaround in 2024.CDRQ4 2024
- Q2 2024 featured strong Uzbekistan output, $18.95M sales, and a key LNG deal in Kazakhstan.CDRQ2 2024
- Uzbekistan production and sales rose 6% sequentially; Kazakhstan LNG and minerals projects advanced.CDRQ1 2025
- Uzbekistan production rose to 10,010 boe/d in Q3 2024, with LNG and lithium projects progressing.CDRQ3 2024
Next Condor Energies earnings date
Q3 202612 Nov, 2026
Condor Energies
Next Condor Energies earnings date
Q3 202612 Nov, 2026
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