Core Insights - Journey Energy Inc. reported strong financial and operational results for Q3 2025, with significant increases in net income and adjusted funds flow compared to the same period in 2024 [1][4][12]. Financial Highlights - Sales revenue for Q3 2025 was CAD 51.6 million, a 10% increase from CAD 47.0 million in Q3 2024 [4]. - Net income surged to CAD 4.4 million, up 642% from CAD 0.6 million in Q3 2024, translating to CAD 0.06 per share [4][16]. - Adjusted funds flow reached CAD 20.5 million, a 51% increase from CAD 13.6 million in Q3 2024, with adjusted funds flow per share at CAD 0.30 [4][12]. - Cash flow from operating activities doubled to CAD 12.8 million, compared to CAD 6.2 million in Q3 2024 [4][12]. - Net debt stood at CAD 55.4 million, an 8% decrease from the beginning of 2025 [5][17]. Operational Highlights - Average daily sales volumes were 11,862 boe/d, a 6% increase from 11,152 boe/d in Q3 2024, driven by new Duvernay well production [5][12]. - Liquids accounted for 61% of total sales volumes in Q3 2025, up from 56% in Q3 2024 [12]. - The company continued construction on the Gilby power generation asset, with commissioning expected to begin by the end of 2025 [5][9]. Asset Management - Journey closed two minor asset dispositions for CAD 0.2 million, reducing asset retirement obligations by approximately CAD 9 million [3][11]. - The company has divested assets producing approximately 770 boe/d in 2025, generating total proceeds of CAD 6.5 million [11]. Future Outlook - The company plans to spend approximately CAD 54 million in capital expenditures for 2025, maintaining guidance for sales volumes in the range of 10,800 - 11,200 boe/d [18][19].