Canada's Pine Cliff Energy Q1 revenue and funds flow fall year over year

Pine Cliff Energy

05/05/2026 23:07

Overview

Canada oil and gas producer's Q1 revenue and adjusted funds flow declined yr/yr

Q1 production averaged 20,066 Boe/d, down 6% from prior year

Net debt decreased 14% to C$50.5 mln as of March 31, 2026

Outlook

Company has hedged about 40% of natural gas production at C$3.16/Mcf for rest of 2026

Company has hedged about 46% of crude oil production at US$64.96/Bbl for rest of 2026

Result Drivers

NEW WELL CONTRIBUTION - Completion and start-up of Glauconite well in Central Alberta Caroline area added to Q1 production

HEDGING IMPACT - Realized natural gas price of C$2.94/Mcf in Q1, a 47% premium to AECO Daily 5A average price, due to hedging strategy

Company press release: ID:nNFC7KSRCq

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Capex
C$7.53 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 Pine Cliff Energy Ltd is C$0.85, about 32.8% above its May 5 closing price of C$0.64

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)