Canada's Alvopetro Energy Q4 net income more than doubles

Alvopetro Energy

17/03/2026 22:36

Overview

Canada oil and gas producer's Q4 oil and gas sales rose 54% yr/yr on higher volumes

Q4 net income more than doubled from prior year

Company declared quarterly dividend of $0.12 per share

Outlook

Company plans to expand Murucututu field and UPGN Caburé capacity to 600 e(3)m(3)/d

Alvopetro expects to drill a new well in the Caruaçu Formation in 2026

Company's 2026 capital plans at Caburé include sidetracking one unfinished well from 2025

Result Drivers

HIGHER SALES VOLUMES - Q4 oil and gas revenue growth was driven by a 65% yr/yr increase in average daily sales volumes, mainly from Brazil, following the success of the 183-D4 well at Murucututu

LOWER REALIZED PRICES - Realized prices for natural gas, condensate, and oil declined compared to Q4 2024, partially offsetting revenue gains

Company press release: ID:nCNWvWNqna

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Oil & Gas Sales
$15.8 mln
Q4 Net Income
$5.6 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$9.93, about 19.4% above its March 17 closing price of C$8.31

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 5 three months ago

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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.)