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Orca Energy reports 12% revenue rise in Q1 2026 amid legal disputes and plans to sell Tanzanian unit.

Company Fundamentals
05 Jun 2026
GlobeNewsWire
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Bullish
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Orca Energy Group Inc. announced a 12% revenue increase to $28.4 million in Q1 2026, driven by higher gas volumes sold, especially to power customers in Tanzania. The company faces ongoing arbitration against the Tanzanian government over contract breaches, seeking damages over $1.2 billion. Orca also plans to sell its Tanzanian subsidiary PAEM to Taifa Gas Tanzania and Amber Energy, pending regulatory and shareholder approvals. Despite a net income rise, operating cash flow fell due to tax payments, and the company declared a special dividend in February 2026.

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Shirofune launches Walmart Connect to automate and unify retail media campaign management.

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