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Lycos Energy Reports Lower Adjusted Funds Flow, Sales, Production for Second Quarter

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Lycos Energy (LCX.V) after trade Tuesday reported a second-quarter adjusted funds flow of C$0.07 per share, down from C$0.18 a year ago.

Net income stood at C$0.03 per diluted share, compared with a net loss of C$1.03 per diluted share a year earlier.

Five analysts polled by FactSet expected earnings per share of C$0.05.

Total petroleum and natural gas sales, net of blending, for the quarter ended June 30 were C$16.8 million, down from C$23.1 million a year prior.

The corresponding FactSet figure wasn't available.

The company said production was down 52% from a year ago, mainly due to the 2025 Lloydminster and North asset sales and natural production declines, partly offset by the contribution from the Mahikan assets.

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