Otto Energy Announces FY2026 Net Profit of $4.1 Million and $23.2 Million Cash Reserves
Otto Energy (ASX:OEL), an ASX-listed oil and gas producer operating in the US Gulf Coast, has published its 2026 Annual Report revealing a net profit after tax of US$4.1 million for the fiscal year ending 30 June 2026, up from US$0.7 million in FY2025. The company also reported a debt-free balance sheet and a cash balance of US$23.2 million at the end of the year. Key Highlights FY2026 average production was 1,266 boe/d with 54% liquids, compared to 1,447 boe/d at 49% liquids in FY2025 Net ca...