Canada's NuVista Energy reports Q3 drop in petroleum and natural gas revenue

NuVista Energy

11/11/2025 22:13

Overview

Nuvista Q3 petroleum & natural gas revenue declines 14% yr/yr

Net earnings for Q3 fall to CAD 36.5 mln

Company announced acquisition by Ovintiv, valuing Nuvista at CAD 3.8 bln

Outlook

Nuvista maintains Q4 production guidance at ~100,000 Boe/d

Company expects 2025 average production of ~83,000 Boe/d

Nuvista to allocate free adjusted funds flow to reduce net debt

Result Drivers

PRODUCTION RAMP-UP - Completion of Pipestone Gas Plant and facility turnarounds increased production to over 100,000 Boe/d

CAPITAL EXPENDITURES - Invested C$141.1 mln in net capital expenditures for drilling and well completions

NETBACK IMPROVEMENT - Strong operating netback at $27.51/Boe, up 38% from Q3 2024

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Petroleum & Natural Gas Revenue
C$258.55 mln
Q3 EPS
C$0.19
Q3 Net Income
C$36.55 mln
Q3 Capex
C$141.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and 1 "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 Nuvista Energy Ltd is C$18.00, about 0.4% below its November 10 closing price of C$18.07

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nGNX9bbZ86

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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.)