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Southern Energy Corp. raised $22 million in 2026 to repay debt after 2025 sales rose 12%.
Southern Energy Corp. reported $18 million in annual gas and oil sales for 2025, up 12% from 2024 due to higher prices, though production fell 21% after voluntarily shutting in about 400 barrels of oil equivalent daily in May due to a transportation dispute.
The company successfully strengthened its balance sheet by raising $22 million in February 2026 through debt, equity, and royalty sales, using the funds to fully repay its senior credit facility and eliminate senior bank debt.
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Southern Energy Corp. recaudó $ 22 millones en 2026 para pagar la deuda después de que las ventas de 2025 aumentaran un 12%.