06:43 AM EDT, 08/09/2024 (MT Newswires) -- Tenaz Energy ( ATUUF ) late on Thursday said it swung to a net income in the second quarter on higher petroleum and natural gas sales.

Second-quarter net income came in at $1.3 million, or $0.04 per diluted share, swinging from a loss of $757,000, or $0.03 per diluted share.

Petroleum and natural gas sales increased to $14 million from $10.6 million. Fund flows from operations rose to $5.8 million, or $0.19 per diluted share, from $3.4 million, or $0.12 per diluted share.

The company produced 2,517 barrels of oil equivalent per day (boe/d) in the second quarter, increasing from 1,903 boe/d.

Ten maintained its annual guidance for capital expenditures at $26 million to $28 million and its production guidance at 2,700 boe/d to 2,900 boe/d.