Parex Resources Inc. (TSX: PXT), Canada's largest independent oil and gas producer in Colombia, announced preliminary Q3 2026 average production of 83,259 boe/d, supported by near-field exploration success at the LLA-111 block in the Eastern Llanos. The company simultaneously reiterated its H2 2026 average production guidance of 82,000 to 91,000 boe/d, signalling confidence in its near-term output trajectory. Investors will have an opportunity to assess the full financial picture when Parex releases its Q3 2026 results on November 6, 2026.

Key Points

  • Parex Resources Inc. (TSX: PXT) is the largest independent oil and gas company in Colombia
  • Preliminary Q3 2026 average production reached 83,259 boe/d across all operating regions
  • H2 2026 guidance of 82,000–91,000 boe/d reiterated; Q3 results scheduled for November 6, 2026
  • Investors may be watching the November contribution from the Ecopetrol partnership in the Magdalena region

LLA-111 Exploration Success Lifts September Output for Parex

Monthly production figures show a modest sequential recovery across the quarter, rising from 83,050 boe/d in July and 82,250 boe/d in August to 84,500 boe/d in September. The company attributed September's improvement primarily to increased output from near-field exploration success at LLA-111 in the Eastern Llanos basin. The Llanos region contributed the largest share of Q3 production at 58,290 boe/d, followed by LLA-34 at 18,813 boe/d, the Magdalena at 5,309 boe/d, and Putumayo at 847 boe/d. All production numbers are preliminary and subject to final reconciliation, the release states.

Ecopetrol Partnership Expected to Add ~7,000 bbl/d in November

Parex indicated that production growth from current levels is expected to be driven by approximately 7,000 bbl/d (net) from its Ecopetrol partnership in the Magdalena region, with that contribution anticipated to begin in November. Continued drilling success at LLA-111 is also cited as a supporting growth factor. The company simultaneously reiterated its full-year 2026 average production guidance of 63,000 to 67,000 boe/d, a range it had previously reaffirmed on July 30, 2026. The disclosure suggests management remains comfortable with its stated annual production range despite quarterly fluctuations.

Q3 2026 Financial Results and Conference Call Scheduled for November 6

Parex confirmed it expects to release its Q3 2026 financial and operating results before markets open on Friday, November 6, 2026. A conference call and webcast are planned to begin at 9:30 am MT (11:30 am ET) on the same date. Investors may be watching the results for commentary on operating costs, cash flow generation, and capital allocation given the anticipated production additions from the Ecopetrol partnership. The company's corporate headquarters are in Calgary, with an operating office in Bogotá, Colombia.