Core Insights - Canacol Energy Ltd. reported financial and operational results for the three and nine months ended September 30, 2025, highlighting a decrease in revenues and production volumes compared to the same periods in 2024 [1][2]. Financial Highlights - Total revenues for the three months ended September 30, 2025, decreased by 21% to $69.5 million, and for the nine months, it decreased by 18% to $207.0 million compared to 2024 [5][6]. - Adjusted EBITDAX fell by 43% to $49.1 million for the three months and by 31% to $152.7 million for the nine months compared to the previous year [5][6]. - Adjusted funds from operations decreased by 20% to $46.1 million for the three months and by 22% to $122.2 million for the nine months compared to 2024 [5][6]. - Net income increased to $18.7 million for the three months and $64.3 million for the nine months, compared to a net income of $10.3 million and a net loss of $7.3 million in 2024, primarily due to a non-cash deferred income tax recovery [5][6]. Operational Highlights - Natural gas and LNG production decreased by 23% to 127.5 Mcfpd for the three months and by 20% to 128.5 Mcfpd for the nine months compared to 2024 [6][7]. - Realized contractual natural gas sales volume decreased by 24% to 121.7 Mcfpd for the three months and by 21% to 123.1 Mcfpd for the nine months compared to the same periods in 2024 [5][7]. - The Corporation is focused on completing exploration and development drilling, with plans to mobilize to the Kantana-2 development well and spud the Monstera-1 exploration well before the end of 2025 [3]. Capital Expenditures and Liquidity - Net cash capital expenditures increased by 63% to $39.1 million for the three months and by 57% to $146.6 million for the nine months compared to 2024, mainly due to drilling activities [5][6]. - As of September 30, 2025, the Corporation had $36.5 million in cash and cash equivalents and a working capital deficit of $29.9 million [5][6].

CALGARY, Alberta, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to report its financial and operating results for the three and nine months ended September 30, 2025. Dollar amounts are expressed in United States dollars, with the exception of Canadian dollar unit prices ("C$") where indicated and otherwise noted. Highlights for the three and nine months ended September 30, 2025. The Corporation's natural gas and liquefied n ...