Canacol Energy Q3 revenue down on lower LNG sales volumes

Canacol Energy (Alberta)

17/11/2025 10:39

Overview

Canacol Q3 revenue down 21% due to lower natural gas and LNG sales volumes

Adjusted EBITDAX for Q3 falls 43%, reflecting decreased sales volumes

Net income rises in Q3 due to non-cash deferred tax recovery

Outlook

Company focuses on completing exploration and development drilling for remainder of 2025

Company plans to mobilize drilling rig to Kantana-2 development well

Company in discussions with banks to address liquidity issues

Result Drivers

SALES VOLUME DECLINE - Decrease in realized natural gas and LNG sales volumes led to lower revenue and adjusted EBITDAX

NETBACK IMPROVEMENT - Operating netback increased due to higher average sales prices, despite higher operating expenses

CAPITAL EXPENDITURES - Increased due to drilling activities and installation of compression facilities

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$69.50 mln
Q3 Net Income
$18.66 mln
Q3 Adjusted EBITDAX
$49.11 mln
Q3 Adjusted FFO
$46.07 mln
Q3 Cash Capex
$39.12 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 2 "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 Canacol Energy Ltd (Alberta) is C$3.25, about 44.3% above its November 14 closing price of C$1.81

The stock recently traded at 1 times the next 12-month earnings vs. a P/E of 1 three months ago

Press Release: ID:nGNX15lP3b

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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.)