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FRONTERA ENERGY CORP . NEWS RELEASE FRONTERA ANNOUNCES SECOND QUARTER 2026 RESULTS Recorded Net Income for the Period of $ 29.0 Million Adjusted EBITDA Increased 18 % Year over Year to $ 30.5 Million Completed Transformation into a Focused Infrastructure Company and Returned C $ 8.34 per Share , C $ 590 Million to Shareholders Puerto Bahia Achieved Record RoRo Activity Advanced Puerto Bahía LNG Project Through Take - or - Pay Agreement with Ecopetrol and Secured FSRU Capacity with Excelerate Energy CALGARY , August 14 , 2026 / CNW / - Frontera Energy Corporation ( TSX : FEC ) ( OTCQX : FECCF ) ( " Frontera " or the " Company " ) today reported financial and operational results for the second quarter ended June 30 , 2026. All financial amounts in this news release and in the Company's financial disclosures are in United States dollars , unless otherwise stated . Gabriel de Alba , Chairman of the Board of Directors , commented : " The second quarter marked the completion of a significant transformation for Frontera . Through the plan of arrangement involving Parex Resources Inc. and the subsequent return of capital , the Company returned C $ 8.34 per share , C $ 590 Million , to shareholders and emerged as a focused infrastructure business anchored by Puerto Bahia and the Company's 35 % interest in ODL . This outcome reflects a multi - year effort to simplify the Company , crystallize value and establish a stronger foundation for its next phase . With the transformation completed , the Board's focus is on disciplined execution and capital allocation . Frontera has resilient , cash - generating infrastructure assets , leverage below 1.0x Adjusted EBITDA and a differentiated growth opportunity through LNG at Puerto Bahía to play a critical role in Colombia's energy security . The Company will continue to evaluate investment and financing decisions against clear risk - adjusted return criteria , while maintaining balance - sheet discipline and a strong focus on long - term shareholder value . " Orlando Cabrales , Chief Executive Officer ( CEO ) , Frontera , commented : " Frontera delivered solid operating and financial performance during the second quarter , with Adjusted EBITDA increasing 18 % year over year to $ 30.5 million . Puerto Bahía handled a record 48,074 RoRo units , including an all - time monthly record in April , while LPG volumes continued to ramp up . ODL transported approximately 239,000 barrels per day and continued to provide stable cash generation . We also made important progress on the next phase of Puerto Bahía's development . The take - or - pay agreement with Ecopetrol and the FSRU capacity secured with Excelerate Energy substantially advances the commercial and technical foundations of the LNG regasification project . Our priorities are now to complete the execution milestones required to achieve first gas in early 2027 , while continuing to grow our existing port businesses and operate our assets safely and efficiently . "