CoJax Oil & Gas swings to Q2 FY26 profit of $2,614; revenue rises 41% to $329,386 - CJAX News | RalliesCoJax Oil & Gas swings to Q2 FY26 profit of $2,614; revenue rises 41% to $329,386
C
CJAX• Quarterly profit and revenue rise
- CoJax posted net income of $2,614 in Q2 2026, swinging from a net loss of $204,061 a year earlier.
- Revenue rose 41% to $329,386 from the prior-year quarter; operating income was $3,042 versus an operating loss of $203,818.
- Lease operating expenses fell 46.9% to $67,168; general and administrative costs dropped 23.5% to $156,332.
Six-month results and cash position
- Six-month net loss narrowed to $263,345 from $348,867; revenue declined 22.8% to $441,462.
- Average oil price climbed to $102.61 per barrel in Q2 from $59.41.
- Cash on hand was $52,984 at June 30.
KMI
•
