Alvopetro Energy Ltd. reported third-quarter 2026 production averaging 2,966 barrels of oil equivalent per day, the company said during its November 6 earnings call. The figure reflects a planned gas plant shutdown that lasted nearly five days in September, according to President and CEO Corey Ruttan. October production has since climbed to 3,200 BOE/d.
The company’s Alvopetro Energy Q3 2026 production result comes as the company continues to build on last year’s growth. Ruttan noted that production rose more than 40% in the prior year and is on track to increase by close to 25% in 2026.
Plant Upgrade Completed in September
The near five-day shutdown was tied to finishing planned upgrades at the gas plant, Ruttan said. The work was completed in September. Despite the interruption, quarterly output remained just below the 3,000 BOE/d mark.
Ruttan characterized the quarter as another solid one for the company. He pointed to the sequential improvement from the third quarter to October as evidence that the plant work is complete and operations have resumed at higher levels.
October Output Points to Stronger Fourth Quarter
The October figure of 3,200 BOE/d represents an increase of about 8% over the third-quarter average. That gain suggests the company has moved past the maintenance period and is benefiting from the upgraded infrastructure.
The production update was part of a broader quarterly discussion led by Ruttan, Chief Financial Officer Alison Howard and Vice President of Asset Management Adrian Audet. Howard opened the call with administrative remarks, reminding listeners that the session was being recorded and that a replay would be available on the company’s website later that day. She also noted that the presentation includes forward-looking statements, non-GAAP measures and oil and gas metrics, and she directed listeners to the cautionary disclosures at the end of the corporate presentation posted on the website.
Year-Over-Year Growth Trajectory
Alvopetro’s production has been on an upward path. After growing by more than 40% last year, the company is now tracking toward a nearly 25% increase for 2026. The third-quarter average of 2,966 BOE/d and the October rate of 3,200 BOE/d are the key data points management offered for the period.
The company did not provide additional operational details during the prepared remarks, but the production figures were the central focus of the call’s opening section. Ruttan’s comments framed the quarter as a continuation of the company’s growth story, with the plant upgrade now behind it and output moving higher.
