06:04 AM EDT, 07/31/2026 (MT Newswires) -- Parex Resources ( PARXF ) reported second-quarter net income of $444.3 million, or $4.62 per share, up from $49.1 million, or $0.50 per share.

Analysts polled by FactSet expected $0.92, with three analysts reporting.

The company produced 54,121 barrels of oil equivalent per day, up from 42,542 boe/d.

Parex expects to produce 63,000 to 67,000 boe/d for the full-year 2026.

The board of directors declared a third-quarter regular dividend of C$0.385 per share, to be paid Sept. 15 to shareholders of record on Sept. 8.