Core Insights - Valeura Energy Inc. reported strong financial and operational results for Q3 2025, highlighting significant oil production and revenue growth [1] Financial Performance - Oil production reached 23.0 mbbls/d with oil sales totaling 2.2 million bbls [1] - The average realized price for oil was US$72.1/bbl, leading to total revenue of US$155.7 million [1] - Adjusted EBITDAX was reported at US$80.7 million, while adjusted after-tax cash flow from operations was US$73.2 million [1] - As of September 30, 2025, the company had a cash and net cash balance of US$248.4 million, with no debt [1] - Adjusted working capital stood at US$275.2 million [1] Operational Highlights - A successful ten-well drilling campaign at block G11/48 resulted in an increase in production to 24.8 mbbls/d by the end of the quarter [1] - The company expanded its offshore acreage through a strategic farm-in agreement in the Gulf of Thailand [1] - Continued progress was made on the Wassana field redevelopment project [1] - Valeura was recognized by Report on Business Magazine as Canada's No. [1]
Valeura Energy Inc. Announces Third Quarter 2025 Results
Accessnewswire·2025-11-14 07:35