Canacol Energy reports a quarterly loss but shows strong 2024 growth, plans expansion in Bolivia.

Canacol Energy, an oil and gas firm operating in Colombia, reported a loss of $0.75 per share for its latest quarter, with shares trading at $2.81. Despite the quarterly loss, the company saw a significant financial performance in 2024, with a 25% increase in adjusted EBITDAX and a 43% rise in adjusted funds from operations. Canacol plans to maintain EBITDA growth and reduce debt while expanding operations in Bolivia by 2026.