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

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

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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