Company Overview - Prairie Operating Co. (PROP) is an independent energy firm headquartered in Houston, focusing on the Denver-Julesburg (DJ) Basin, particularly the Niobrara and Codell formations [3] - The company has strategically located acreage near major operators like Chevron and Occidental Petroleum, providing access to established infrastructure and market networks [3] Acquisition Impact - PROP made a significant $602 million acquisition of Bayswater assets, which includes 24,000 net acres and 26,000 barrels of oil equivalent per day (BOE/d) in production, along with 600 gross drilling locations and an estimated $1.1 billion in future cash flow [1] - This acquisition positions PROP as a high-growth player in the DJ Basin, benefiting from a rural, low-regulation operating area that accelerates permitting and drilling timelines [2] Operational Efficiency - Prairie Operating Co. operates primarily in rural Weld County, facing fewer regulatory barriers, which allows for rapid execution of key projects, including nine drilled but uncompleted (DUC) wells and an 11-well Rusch Pad program [6][9] - The company is actively developing its acreage, with production expected to begin at the Rusch Pad in early August and completions underway at the Opal Coalbank Pad [9] Financial Performance - Post-acquisition, PROP's adjusted EBITDA for 2025 is forecasted between $350 million and $370 million, a significant increase from the previous projection of $140 million [10] - The company expects to average 29,000 to 31,000 BOE/d in production for 2025, representing over a 300% increase year over year [10] Hedging Strategy - Prairie Operating Co. has implemented a proactive hedging strategy, locking in about 85% of its remaining 2025 daily production at $68.27 per barrel for WTI and $4.28 per MMBtu for Henry Hub, providing visibility on future cash flows and shielding from market volatility [8] Analyst Outlook - Despite a 33% decline in stock price year to date, the recent pullback presents an attractive entry point, with a Zacks Consensus Estimate for 2025 EPS increasing by 23% in the past month [11][13] - The company is expected to deliver around 389% EPS growth year over year, indicating strong growth potential [13] Conclusion - Prairie Operating Co. is following a structured growth path through strategic acquisitions, efficient capital deployment, and robust financial guidance, positioning itself competitively in the energy sector [15]

Core Viewpoint - APA Corporation reported strong first-quarter 2025 results, with adjusted earnings of $1.06 per share, exceeding expectations and showing improvement from the previous year, driven by higher production and commodity prices [1][2]. Financial Performance - Revenues reached $2.6 billion, a 37.3% increase from the same quarter last year, and surpassed the Zacks Consensus Estimate by 18% [1]. - The company paid out $91 million in dividends during the quarter, reflecting its commitment to shareholder returns [2]. Production & Selling Prices - Average production of oil and natural gas was 468,978 BOE/d, with liquids comprising 67%, marking a 20.5% increase year-over-year [3]. - U.S. output increased by 39.4% year-over-year to 298,319 BOE/d, while international production decreased by 2.5% to 170,659 BOE/d [4]. - Average realized crude oil price was $73.73 per barrel, down 8.6% from the previous year, but above projections [5]. - Average realized natural gas price rose to $2.81 per thousand cubic feet, up from $2.47 in the year-ago period [5]. Costs & Financial Position - Lease operating expenses totaled $407 million, a 20.4% increase from the previous year, contributing to total operating expenses of $1.8 billion, which rose 27% year-over-year [5]. - The company generated $1.1 billion in cash from operating activities and incurred $710 million in upstream capital expenditures [6]. - As of March 31, APA had approximately $67 million in cash and cash equivalents and $5.2 billion in long-term debt, resulting in a debt-to-capitalization ratio of 49.1% [7]. Guidance - APA expects production to average 457,000 BOE/d in Q2 and 463,000 BOE/d for the full year, reflecting a 2% year-over-year increase [8]. - The company has revised its upstream capital expenditure guidance for the year to $2.225-$2.325 billion, down from previous estimates [8].

NEW YORK, May 11, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Civitas Resources, Inc. (NYSE: CIVI) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Civitas you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/civitas-resources-inc. Investors have until July 1, 2025, to ask the Court to be appointed ...

Core Points - NuVista Energy Ltd. held its annual meeting on May 9, 2025, where several key resolutions were approved [1] Group 1: Board of Directors - The number of directors was fixed at eight, with 79.58% of votes in favor [2] - Eight nominees were elected as directors, with the following vote percentages: - Pentti O. Karkkainen: 79.19% - Ronald J. Eckhardt: 79.03% - K. L. (Kate) Holzhauser: 77.04% - Michael J. Lawford: 79.34% - Mary Ellen Lutey: 79.50% - Deborah S. Stein: 78.72% - Jonathan A. Wright: 76.07% - Grant A. Zawalsky: 72.95% [3] Group 2: Appointment of Auditors - KPMG LLP was appointed as auditors with 96.50% of votes in favor [4] Group 3: Executive Compensation - NuVista's approach to executive compensation was approved with 79.22% of votes in favor [5] Group 4: Company Overview - NuVista is an independent Canadian oil and natural gas exploration, development, and production corporation, trading on the Toronto Stock Exchange under the symbol "NVA" [6] - The company focuses on the exploration and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin, particularly in the condensate-rich Montney formation [7]

NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Civitas Resources, Inc. (NYSE: CIVI) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Civitas you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/civitas-resources-inc. Investors have until July 1, 2025, to ask the Court to be appointed ...

Group 1 - Avanos Medical, Inc. (AVNS) is a medical technology company focusing on delivering medical device solutions, with a Zacks Consensus Estimate for its current year earnings revised 17.7% downward over the last 60 days [1] - Boise Cascade Company (BCC) is a manufacturer of wood products and building materials, with a Zacks Consensus Estimate for its current year earnings revised 1.6% downward over the last 60 days [1] - Amplify Energy Corp. (AMPY) is an explorer and producer of oil and natural gas, with a Zacks Consensus Estimate for its current year earnings revised 48.5% downward over the last 60 days [2]

Core Viewpoint - Permian Resources Corporation (PR) reported a first-quarter 2025 adjusted net income per share of 42 cents, missing the Zacks Consensus Estimate of 44 cents, primarily due to increased operating expenses and lower oil prices, although the figure was consistent with the previous year [1] Financial Performance - Oil and gas sales reached $1.4 billion, reflecting a 10.7% increase year-over-year but falling short of the Zacks Consensus Estimate by 1.2% [1] - Adjusted cash flow from operations increased by 13.9% to $960.5 million, with capital expenditures totaling $501 million, resulting in adjusted free cash flow of $460 million [6] - Total operating expenses rose to $872 million from $774.1 million in the prior year, driven by a 6.5% increase in lease operating costs and a 15.6% rise in depreciation, depletion, and amortization [5] Production and Pricing - Average daily production increased by 16.8% year-over-year to 373,209 barrels of oil equivalent (Boe), surpassing the Zacks Consensus Estimate of 368,855 Boe [3] - Oil volume for the quarter was 174,967 barrels per day, up 15.3% year-over-year, exceeding the consensus mark of 171,776 Bbls/d [3] - The average sales price for oil was $70.48 per barrel, down 7.4% from the previous year, and slightly below the consensus estimate [4] Dividend and Shareholder Returns - The board declared a quarterly cash dividend of 15 cents per share, equivalent to 60 cents annually, to be paid on June 30, 2025 [2] Strategic Moves - The company completed the sale of its non-core Barilla Draw gathering systems for $180 million during the quarter [2] - A strategic acquisition was announced, expected to contribute approximately 12,000 Boe/d in the second half of the year, although this is not included in the revised standalone guidance [10] Guidance and Outlook - Updated full-year 2025 guidance anticipates average daily production between 360,000-380,000 Boe/d, with oil production ranging from 170,000 Bbls/d to 175,000 Bbls/d [7] - Controllable cash expenses are projected to be between $7.25 and $8.25 per Boe, with lease operating expenses estimated at approximately $5.55 per Boe [8] - The capital expenditure budget has been slightly reduced to a range of $1.9-$2 billion [9]

GeoPark Limited (GPRK) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Good morning and welcome to the Geopark Limited Conference Call following the Results Announcement for the First Quarter Ended 03/31/2025. After the speakers' remarks, there will be a question and answer session. If you do not have a copy of the press release, it is available at the Investor with Us section on the company's corporate website at www.geopark.com. A replay of today's call may be accessed through this webcast in the ...

Toronto, Ontario--(Newsfile Corp. - May 8, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") Year-End 2024 Reserves Report ("Reserves Report"), with an effective date of December 31, 2024, is summarized below. The Reserves Report was completed by Petrotech and Associates, an independent qualified reserves evaluator based in Calgary, Alberta, and was prepared in accordance with the Canadian Oil and Gas Evaluation Handbook ("COGE Hand ...

Financial Performance - Ovintiv Inc. reported first-quarter 2025 adjusted earnings per share of $1.42, exceeding the Zacks Consensus Estimate of $1.20, but slightly down from $1.44 in the previous year due to lower realized oil prices and increased total expenses [1] - Total revenues for the quarter were $2.4 billion, a 1.1% increase from the prior year, and surpassed the Zacks Consensus Estimate by 3.3%, driven by higher product and service sales [1] Dividend and Asset Management - The board of directors declared a quarterly dividend of 30 cents per share, payable on June 30 to shareholders of record as of June 31 [2] - The company completed the divestiture of its Uinta assets for approximately $1.9 billion during the quarter [2] Share Buyback and Debt Management - The share buyback program was paused in Q4 2024 to allocate $377 million from the Montney acquisition and Uinta divestiture [3] - By the end of Q1, approximately $368 million was redirected toward debt reduction due to the buyback pause, with plans to resume buybacks in Q2 [4] Production and Pricing - Total first-quarter production was 588,300 barrels of oil equivalent per day (BOE/d), an increase from 573,800 BOE/d year-over-year, but below the estimate of 591,500 BOE/d [5] - Natural gas production rose to 1,764 million cubic feet per day (MMcf/d) from 1,648 MMcf/d in the prior year, but missed the estimate of 1,798.1 MMcf/d [5] - Realized natural gas price was $3.16 per thousand cubic feet, up from $2.56 year-over-year, while realized oil price decreased to $71.79 per barrel from $75.66 [6] Costs and Capital Expenditures - Total expenses increased to $2.5 billion from $1.9 billion year-over-year, exceeding the estimate of $1.9 billion [7] - Capital investments were $617 million compared to $591 million in the previous year, with a non-GAAP free cash flow of $1 billion for the quarter [8] Production Outlook - For Q2 2025, total production is expected to be between 585 MBOE/d and 605 MBOE/d, with capital investment projected between $550 million and $600 million [13] - For the full year 2025, total production is anticipated to average between 595 MBOE/d and 615 MBOE/d, with capital investment expected to be between $2.15 billion and $2.25 billion [14] Regional Production Insights - In the Permian Basin, production averaged 217 MBOE/d, with plans to invest $1.2 billion to $1.3 billion to drill 130-140 net wells in 2025 [10] - Montney production averaged 272 MBOE/d, with an investment plan of approximately $575 million to $625 million for 75-85 net wells [11] - Anadarko production averaged 91 MBOE/d, with an expected investment of $300 million to $325 million for 25-35 net wells [12]