Strathcona Resources Ltd. Reports Third Quarter 2025 Financial and Operating Results, Provides Special Distribution Update and Announces Quarterly Dividend

Core Insights - Strathcona Resources Ltd. reported its Q3 2025 financial and operational results, highlighting a quarterly dividend declaration of $0.30 per common share and an update on a special distribution of $10.00 per share [1][21][15] Financial Performance - The company achieved total oil production of 116,201 boe/d, with 99.6% being liquids, and operating earnings of $235.5 million, equating to $1.10 per share [3][6] - Free cash flow for the quarter was reported at $93.8 million, or $0.44 per share [3][40] - Oil and natural gas sales, net of blending costs, totaled $807.3 million, a decrease from $1,041.3 million in Q3 2024 [2][28] Production and Operations - Q3 production reflected a 36% decrease from Q2 2025, primarily due to the Montney business segment's disposition [6][4] - Normalized production from continuing operations increased by 6% quarter-over-quarter [6] - In Cold Lake, production increased by 8% quarter-over-quarter to 61 Mbbls/d, aided by a major turnaround and new well completions [7][11] Special Distribution and Shareholder Meeting - A special meeting for shareholders is scheduled for November 27, 2025, to approve a statutory plan of arrangement for a special distribution of approximately $2.142 billion [14][15] - Shareholders of record as of October 17, 2025, are entitled to vote at the meeting [14] Capital Expenditures and Future Outlook - The company’s capital budget for 2026 is set at $1.0 billion, with production guidance unchanged at 115 – 125 Mbbls/d [13] - Current capital activity is focused on the D01 West pad at Lindbergh, targeting first oil in mid-2026 [10]