Canadas' Cavvy Energy Q3 net operating income rises to $30.6 mln

Cavvy Energy (Alberta)

06/11/2025 23:20

Overview

Cavvy Q3 2025 net operating income rises to $30.6 mln, but reports net loss of $10.1 mln

Company increased third-party gas processing volumes by 105% from Q3 2024

Cavvy announces 2026 sulphur pricing agreement with downside protection

Outlook

Cavvy raises 2025 NOI guidance to $100 mln-$110 mln from $75 mln-$95 mln

Company maintains 2025 production guidance at 23,000-25,000 boe/d

Cavvy not planning new development drilling in 2025 due to gas prices

Result Drivers

THIRD-PARTY PROCESSING - Cavvy increased third-party raw gas processing volumes by 105% compared to Q3 2024, boosting revenue

HEDGING GAINS - Hedging gains offset challenges in the AECO market, supporting net operating income

SULPHUR PRICING AGREEMENT - New agreement provides downside protection and upside potential for 2026 sulphur sales

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
-C$0.03
Q3 Net Income
-C$10.09 mln
Q3 Capex
C$4.02 mln
Q3 Net Debt
-C$163.70 mln
Q3 Operating Income
C$30.63 mln


Press Release: ID:nGNX48gKSP

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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.)