Whitecap Resources (OTCPK:SPGY.F) Earnings Call Presentation

Company Overview - Whitecap's market capitalization is approximately $14 Billion[3] - The company's 2026 production guidance is 372,500 boe/d[3] - Whitecap anticipates $3.3 Billion in funds flow for 2026[3] - The 2026 capital budget is projected at $2.05 Billion[3] - Net debt as of September 30th, 2025, was $3.3 Billion, with a Net Debt / Funds Flow ratio of 1.0x[3] - The annual dividend is $0.73 per share ($0.0608/month)[3] Strategy and Operations - The company targets a total shareholder return of 10%-15% annually[8] - Whitecap plans for 3%-5% per share production growth per annum, dependent on commodity prices[14] - The company aims for a base dividend payout ratio of 20%-25%[14] - Whitecap's 2026 budget anticipates 3% production growth[22] - At a WTI price of US$60/bbl, 2026 funds flow sensitivity is $3.3 Billion[22] - At a WTI price of US$60/bbl, the company plans to allocate $2.1 Billion to capital budget, $0.9 Billion to base dividend and $0.3 Billion to share repurchases/debt reduction[26]