The Company Achieves a 7% Increase in YTD Production, Reduces Net Debt, and Maintains Production and Capital Expenditure Guidance RangesCALGARY, Alberta, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (TSX: BNE) (“Bonterra” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2025. The related unaudited condensed financial statements and notes for the third quarter, as well as management’s discussion and analysis (“MD&A”), ar ...

Cardinal Energy Ltd. Announces Third Quarter 2025 Operating and Financial ResultsNovember 06, 2025 6:01 PM EST | Source: Cardinal Energy Ltd.Calgary, Alberta--(Newsfile Corp. - November 6, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce its operating and financial results for the third quarter ended September 30, 2025.FINANCIAL AND OPERATING HIGHLIGHTS FROM THE THIRD QUARTER OF 2025Third quarter 2025 production was 20,772 boe/d as we continued to foc ...

Core Insights - Cenovus Energy Inc. reported strong financial and operational results for Q3 2025, achieving record production levels in both Upstream and Downstream segments, with significant cash flow generation and shareholder returns [1][3][7]. Financial Summary - The company generated approximately $2.1 billion in cash from operating activities, $2.5 billion in adjusted funds flow, and $1.3 billion in free funds flow [1][16]. - Net earnings increased to $1.3 billion, up from $851 million in the previous quarter, reflecting higher production and sales, increased Downstream utilization, and stronger oil prices [16][17]. - Total revenues for Q3 were $13.2 billion, an increase from $12.3 billion in Q2 2025, with Upstream revenues at $6.7 billion and Downstream revenues at $8.4 billion [7][8]. Production and Throughput - Upstream production reached a record of 832,900 barrels of oil equivalent per day (BOE/d), up from 765,900 BOE/d in Q2 2025 [4][9]. - Downstream crude throughput also set a record at 710,700 barrels per day (bbls/d), compared to 665,800 bbls/d in the previous quarter [13][14]. - The U.S. Refining segment achieved a crude throughput of 605,300 bbls/d, with a utilization rate of 99% [5][14]. Growth Projects - Major growth projects are nearing completion, including the Foster Creek optimization project and the West White Rose project, with first oil expected in Q2 2026 [5][19]. - The Narrows Lake project achieved first oil in mid-July, and new well pads are expected to support continued production growth [18][19]. Shareholder Returns - The company returned $1.3 billion to shareholders in Q3, including $918 million through share repurchases and $356 million in dividends [25][24]. - An amended agreement to acquire MEG Energy Corp. was announced, with a shareholder vote scheduled for November 6, 2025 [20][21]. Sustainability Initiatives - Cenovus expanded its Indigenous Housing Initiative, committing up to $8 million annually to support housing construction in First Nation and Métis communities [21][23].

Core Insights - Cenovus Energy Inc. reported strong operational performance in Q2 2025, achieving significant milestones in project execution and maintenance activities, which are expected to enhance free funds flow in the future [3][19][20] Financial Summary - The company generated approximately $2.4 billion in cash from operating activities, $1.5 billion in adjusted funds flow, and $355 million in free funds flow for Q2 2025 [4][17] - Total revenues for Q2 2025 were $12.3 billion, a decrease from $13.3 billion in Q1 2025, with upstream revenues at $6.8 billion and downstream revenues at $7.7 billion [8] - Net earnings for Q2 2025 were $851 million, slightly down from $859 million in Q1 2025, impacted by lower benchmark oil prices and higher maintenance costs [17][18] Production and Throughput - Total upstream production was 765,900 barrels of oil equivalent per day (BOE/d), down from 818,900 BOE/d in Q1 2025, primarily due to planned maintenance and wildfire impacts [10][12] - Downstream crude throughput was 665,800 barrels per day (bbls/d), slightly up from 665,400 bbls/d in the previous quarter, reflecting a utilization rate of 92% [13][14] Growth Projects - Cenovus achieved first oil at Narrows Lake in July 2025, with production expected to ramp up to peak rates of 20,000 to 30,000 bbls/d by year-end [6][19] - Significant progress was made on the West White Rose project, with the concrete gravity structure installed ahead of schedule and drilling expected to commence by year-end [20] Shareholder Returns - The company returned $819 million to shareholders in Q2 2025, including $301 million from share purchases and $368 million in dividends [26] - A quarterly base dividend of $0.20 per common share was declared, payable on September 29, 2025 [23]

Core Insights - Vermilion Energy Inc. has successfully closed the sale of Saskatchewan assets for gross proceeds of $415 million, which is part of its strategic plan to enhance its asset portfolio [1] - The sold assets include approximately 10,500 barrels of oil equivalent per day (boe/d), with 86% being oil and liquids, located in Saskatchewan and Manitoba [1] - The net cash proceeds from this transaction will improve Vermilion's balance sheet and provide greater capital allocation flexibility for its core Canadian and European assets [1] Company Overview - Vermilion is a global gas producer focused on creating value through the acquisition, exploration, and development of liquids-rich natural gas in Canada and conventional natural gas in Europe [2] - The company aims to optimize low-decline oil assets, which contributes to generating significant free cash flow through exposure to global commodity prices [2] Corporate Priorities - The company's priorities are health and safety, environmental protection, and profitability, emphasizing the importance of public safety and natural surroundings [3] - Vermilion also focuses on strategic community investment in its operating areas [3]

Core Insights - Cenovus Energy Inc. reported strong financial and operational results for Q1 2025, generating over $1.3 billion in cash from operating activities and $2.2 billion in adjusted funds flow [1][10][17] - The company announced an 11% increase in the base dividend to $0.80 per share annually, effective Q2 2025, supported by its growth plan and resilience at a US$45 WTI oil price [2][24] - Cenovus's total revenues for Q1 2025 reached $13.3 billion, up from $12.8 billion in Q4 2024, driven by rising commodity prices [10][18] Financial Performance - Cash from operating activities was $1,315 million, down from $2,029 million in Q4 2024 [4][17] - Adjusted funds flow increased to $2,212 million from $1,601 million in the previous quarter [4][17] - Free funds flow was $983 million, significantly higher than $123 million in Q4 2024 [4][17] - Net earnings for Q1 2025 were $859 million, compared to $146 million in Q4 2024 [4][17] - Long-term debt stood at $7.5 billion, with net debt increasing to $5.1 billion [19] Production and Operational Highlights - Upstream production reached 818,900 barrels of oil equivalent per day (BOE/d), slightly up from 816,000 BOE/d in Q4 2024 [6][12] - Downstream crude throughput was 665,400 barrels per day (bbls/d), consistent with the previous quarter [14] - Canadian refining achieved a record utilization rate of 104%, while U.S. refining had a utilization rate of 90% [8][15] - The company returned $595 million to shareholders, including share purchases and dividends [25] Growth Projects - Cenovus is progressing its major growth projects, including the Narrows Lake and West White Rose projects, with first oil expected in Q3 2025 and Q2 2026, respectively [21][22][23] - The optimization project at Foster Creek is approximately 75% complete and on schedule for startup in 2026 [21] Dividend Declarations - The Board declared a quarterly base dividend of $0.20 per common share, payable on June 30, 2025 [24] - The company also declared dividends on its preferred shares, with rates ranging from 2.577% to 4.568% [24]