Parex Resources Inc. (PXT) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Thank you for joining us and welcome to the Perixx Resources Q2 2026 operational and financial results. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again. I will now hand the conference over to Mike Kruchten, Senior Vice President of Capital Markets and Corporate Planning. Mike, please go ahead. Thank you. Good morning, everyone, and welcome to Parks Resources' second quarter 2026 conference call and webcast. My name is Mike Kruchten, and on the call with me today are our President and Chief Executive Officer, Imad Mohsen, our Chief Financial Officer, Cameron Grainger, and our Chief Operating Officer, Eric Furlan. Please note that at any time, telephone participants on the call can press star 1 to submit a question. As a reminder, this call includes forward-looking statements, as well as non-GAAP and other financial measures, with the associated risks outlined in our news release and MD&A, which can be found on our website or at cdarplus.ca. Note that all amounts discussed today are in U.S. dollars, unless otherwise stated. I'll now turn the call over to Imad. Please go ahead. Thank you, Mike, and good morning, everyone. Over the first half of 2026, Barracks completed major transactions to become Colombia's largest independent EMP company. This has resulted in the company nearly doubling its production guidance to roughly 86,000 barrels per day at the midpoint and expanding our footprint to over 7.9 million acres. With these transactions behind us, our focus shifts to capturing synergy and delivering strong operational performance. First, the Frontier transaction is officially closed with the integra...