Canada's Petrus Resources Q4 funds flow rises on higher production

Petrus Resources

18/03/2026 22:10

Overview

Canada oil and gas producer's Q4 funds flow rose 8% yr/yr on higher production and risk management gains

Q4 production rose 6% yr/yr, with oil and condensate output up 20%

Outlook

Petrus sees 2026 average daily production of 11,000 to 12,000 boe/d

Company expects 2026 annual funds flow of C$60 mln to C$65 mln

Result Drivers

HIGHER PRODUCTION - Q4 production rose 6% yr/yr, with oil and condensate output up 20% due to focus on liquids-weighted drilling and increased NGL recoveries

LOWER OPERATING EXPENSES - Operating expense per boe fell 10% as fixed costs were allocated over a larger production base

Company press release: ID:nGNX8jnwrF

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Oil & Gas Revenue
C$22.68 mln
Q4 Operating Expenses
-C$4.69 mln


Analyst Coverage

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 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.)