Tamarack Valley Energy posts Q3 loss on asset write-down

Tamarack Valley Energy

29/10/2025 09:11

Overview

Tamarack Q3 2025 oil & gas revenue declines 10% yr/yr

Company reports Q3 net loss due to East Alberta asset write-down

Tamarack increases dividend by 5% and repurchases 6.7 mln shares

Outlook

Tamarack maintains full-year production guidance of 67,000 – 69,000 boe per day

Company reduces net production expense guidance by 5% for full year

Tamarack expects 2025 free funds flow to exceed original budget due to improved price differentials

Result Drivers

WATERFLOOD EXPANSION - Tamarack expanded its waterflood development program, boosting production and reducing corporate decline rates

COST REDUCTIONS - Tamarack improved capital efficiencies and reduced lifting costs, enhancing margins

ASSET DIVESTITURE - Sale of Eastern Alberta assets reduced operating costs and improved net production expenses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Oil & Nat Gas Revenue
C$394.08 mln
Q3 Net Income
-C$248.77 mln
Q3 Net Debt
C$631.05 mln


Press Release: ID:nCNWz5bv4a

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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.)