Pine Cliff Energy Ltd. (PNE) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and thank you for joining us on the Pinecliffe Energy second quarter webcast. We will open with remarks from President and CEO Phil Hodge. Today, Mr. Hodge is joined by Chief Financial Officer Christopher Zak, Chief Operating Officer Terry McNeil, and Vice President Finance Austin Neudorf. Questions for the management team can be registered online during the webcast. Prior to starting, we would like to remind participants that the call may contain comments on or discussion of forward-looking information. As such, we refer participants to the cautionary statements on forward-looking information included in the presentation on our website, www.pinecliftenergy.com. With that, we'll turn the call over to Phil Hodge, President and CEO. Thanks, Chris. Good morning, everybody. As we've done in the past, we're not going to bother to read the press release or kind of give kind of scripted answers. We've had lots of questions, so thank you very much. A lot of the people that might be listening get our quarterly update that I do, and that's stimulated a bunch of different questions, kind of more around the macro on natural gas and what's happening, and we're happy to address those, so I think we'll get to those pretty quick. I think just on a summary on the quarter, it was a case of natural gas prices being much better than last year, but still not at the level that we expected. would like to see them at. I guess maybe we always want to see them higher. But I think a big reason for that is around the LNG. We've had LNG Canada on now for a year, but it's not been a consistent draw on the system. And that was problematic in July and August, which is when storage levels started to rise again because LNG Canada Phase 1 wasn't at its full capacity. We're starting to se...