FRONTERA ANNOUNCES THIRD QUARTER 2026 RESULTS

Résumé détaillé

Recorded Net Income for the Period of $11.7 Million Adjusted EBITDA Increased 16% year over year to $34.8 million Frontera Improves Performance and Unlocks Growth Across its…

Frontera Improves Performance and Unlocks Growth Across its Infrastructure Portfolio

LPG Phase II Sanctioned as LPG Volumes More Than Triple Quarter over Quarter

CALGARY, AB, Nov. 11, 2026 /PRNewswire/ -- Frontera Energy Corporation (TSX: FEC) (OTCQX: FECCF) ("Frontera" or the "Company") today reported financial and operational results for the third quarter ended September 30, 2026. All financial amounts in this news release and in the Company's financial disclosures are in United States dollars, unless otherwise stated.

"Frontera's results show an infrastructure platform that is delivering improved financial performance and higher cash flow as value is unlocked from its very valuable high growth assets. The third quarter shows the strength of Frontera's infrastructure model, with an Adjusted EBITDA growth of 16% year over year. ODL continues to provide a stable stream of cash distributions, and Puerto Bahia is consolidating its position as a strategic energy and logistics hub on Colombia's Caribbean coast. Frontera has significant opportunities for growth and long-term value creation.

Looking at near-term value catalysts, the LNG project, underpinned by a take-or-pay agreement with Ecopetrol, is on track to start operations in February 2027. It positions the Company to help address Colombia's growing natural gas supply deficit and opens the door to incremental third-party demand.

The Company also sanctioned the Phase II of the LPG project, with operations targeted to start in 2028. As these near-term projects advance, the Company is also assessing additional opportunities, including the dry cargo segment, where further growth beyond the current capacity is expected, and gas-fired power generation anchored by the LNG project. The Company continues to evaluate organic growth opportunities to realize the terminal's upside.

Orlando Cabrales Segovia, Chief Executive Officer (CEO), Frontera, commented:

"We delivered a solid third quarter, with Adjusted EBITDA of $34.8 million…

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