Pine Cliff Energy Ltd. Announces Third Quarter 2025 Results and Declares Monthly Dividend for November 28, 2025

Core Viewpoint - Pine Cliff Energy Ltd. reported its third quarter 2025 financial and operational results, highlighting a decrease in production and adjusted funds flow compared to the same period in 2024, while also announcing a monthly dividend for November 2025 [1][2]. Financial Results - Adjusted funds flow for Q3 2025 was $5.7 million ($0.02 per share), down from $8.1 million ($0.02 per share) in Q3 2024 [6][10]. - Production averaged 20,376 Boe/d in Q3 2025, a decrease from 22,546 Boe/d in Q3 2024 [6][10]. - The company reported a net loss of $6.0 million ($0.02 per share) for Q3 2025, compared to a net loss of $6.9 million in Q3 2024 [6][10]. Capital Expenditures and Debt - Capital expenditures for Q3 2025 totaled $2.5 million, compared to $0.9 million in Q3 2024 [6][10]. - Net debt was reduced by $3.7 million or 6% to $58.6 million as of September 30, 2025, down from $62.3 million at the end of 2024 [6][10]. Dividend Declaration - The company declared a regular monthly dividend of $0.00125 per common share, payable on November 28, 2025, to shareholders of record on November 14, 2025 [9]. Production and Pricing - The average realized natural gas price was C$2.21/Mcf in Q3 2025, representing a 245% premium to the AECO Daily 5A average price of C$0.64/Mcf [8]. - Approximately 50% of gross natural gas production is hedged at an average price of $2.88/Mcf for Q4 2025 [8]. Operational Challenges - Production in Q3 2025 was slightly down due to natural production decline, third-party outages, and temporary shut-ins caused by weak AECO gas prices in September [4].