Q2 revenue +36%, operating income +73% on higher volumes and commodity prices

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~2 min read

Key Changes

• high

  Operating income surged 73% YoY to $134.0M (from $77.5M) as product revenue jumped 58% on 40% higher NGL/condensate volumes and 56% higher condensate prices; service revenue fell 23% on lower gathered volumes and a presentational shift.

  MD&A: Operating Results verify on EDGAR →
• high

  Adjusted EBITDA rose 16% YoY to $280.8M in Q2 (vs. 4% growth prior year), reflecting stronger product revenue and operating leverage; six-month EBITDA up 8% to $532.0M.

  MD&A: Adjusted EBITDA verify on EDGAR →
• high

  Quarterly dividend increased 3.8% to $0.81 per share (from $0.78), declared July 14, 2026 and paid July 31; no share repurchases in H1 2026 vs. $72.6M buyback in H1 2025.

  MD&A: Subsequent Events / Capital Allocation verify on EDGAR →