Canada's Tamarack Valley Energy posts higher Q2 production

Tamarack Valley Energy

30/07/2025 10:43

Overview

Tamarack Q2 production hits record 70,260 boe/d, up 19% YoY

Adjusted funds flow per share at C$0.39, free funds flow at C$0.26

Co completes C$51.5 mln acquisition, boosting Clearwater production

Outlook

Tamarack raises 2025 production guidance by 3% to 67,000-69,000 boe/d

Company reduces 2025 capital spending guidance by 7%

Net production expense guidance lowered by 5% for 2025

Interest expense guidance cut by 6% for 2025

Result Drivers

RECORD PRODUCTION - Tamarack achieved record production of 70,260 boe/d in Q2, driven by heavy oil volume growth and waterflood success

EFFICIENCY GAINS - Improved capital efficiencies and reduced net production expenses supported strong free funds flow generation

CLEARWATER ACQUISITION - Strategic acquisition added 1,100 bbl/d of Clearwater production, enhancing Tamarack's asset base

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Oil & Nat Gas Revenue
C$408.27 mln
Q2 Net Income
C$86.24 mln
Q2 Net Debt
C$711.13 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Tamarack Valley Energy Ltd is C$6.00, about 11.2% above its July 29 closing price of C$5.33

Press Release: ID:nCNWcBWcNa

(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.)