Canada's Alvopetro Energy Q3 oil and gas sales rise 10%

Alvopetro Energy

05/11/2025 22:53

Overview

Alvopetro Q3 oil and gas sales rise 10% yr/yr, driven by higher sales volumes

Net income for Q3 falls 36% yr/yr due to impairment losses and higher expenses

Company sets record October sales volumes, driven by Brazil and Canada operations

Outlook

Company expects natural gas price of $10.15/Mcf from Nov 2025 to Jan 2026

Alvopetro plans to drill two earning wells in Canada by late 2025

Company continues development in Brazil's Murucututu field with increased sales

Result Drivers

MURUCUTUTU FIELD - 183-D4 well in Brazil exceeded co's pre-drill estimates, boosting production

OCTOBER SALES RECORD - Record sales volumes in October driven by Brazil and Canada operations

SPOT CONTRACTS - Spot contracts with Bahiagas for volumes above firm contract contributed to increased sales

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Oil & Gas Sales
$14.18 mln
Q3 Net Income
$4.61 mln
Q3 Capex
$11.25 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for Alvopetro Energy Ltd is C$7.88, about 18.3% above its November 4 closing price of C$6.43

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release: ID:nCNWNxvGGa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)