Zephyr Energy PLC reported a net profit of $1.9 million in the first half of 2026, reversing a $13 million loss from the previous year. This turnaround was driven by higher production and revenue from its US oil and gas portfolio, with sales volumes up nearly 44% to 178,233 barrels of oil equivalent and revenue increasing to $10.8 million. The company is advancing its Paradox project in Utah, aiming to triple its initial gas processing capacity and secure up to $15 million in pre-production funding. Management expects further updates on regulatory approvals, financing, and farm-out deals in the second half, with first commercial production as the key goal.
Zephyr Energy's turnaround to a $1.9 million net profit in H1 2026 contrasts with a $13 million loss the previous year. For readers following energy stocks, here is Pluang's market snapshot as of Sep 28, 2026 13:21 WIB: among 38 priced US energy-sector stocks, 21 rose and 15 fell. Notable prices include Chevron Corp (CVX) at USD 206.67 with a 1.09% increase and Exxon Mobil Corporation (XOM) at USD 162.27 with a 1.07% increase, while Enphase Energy Inc (ENPH) declined 1.02% to USD 32.07, with typical hold times ranging from 71 to 101 days on Pluang.
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