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Earnings

ROK Resources Files Financial Results for the Third Quarter of 2025 and Provides Update on Going Private Transaction

By The Northwire Desk — AI Analysis Nov 13, 2025 · 17:17 ROK · 0.22 ROK Resources Inc.
ROK · Price

Executive Summary

  • ROK Resources filed its nine‑month interim financial results (ended Sep 30, 2025) and provided a material update on the going‑private arrangement, now expected to close before 31 Dec 2025.
  • Q3 2025 production averaged 3,414 boe/d (66% liquids) with Funds from Operations of $4.1 M; adjusted net surplus of $2.7 M versus $10.6 M adjusted net debt at year‑end 2024.
  • The Normal Course Issuer Bid (NCIB) repurchased and cancelled 2,005,500 shares at an average price of $0.192, leaving 217,763,815 shares outstanding.

Key Details

  • Going‑Private Transaction
  • Anticipated closing: prior to 31 Dec 2025.
  • Special shareholders’ meeting scheduled for 10 Dec 2025 to consider the plan of arrangement.

  • Proxy materials mailed and posted on SEDAR+ and company website.

  • Q3 2025 Financial Highlights

  • Funds from Operations: $4.1 M (vs. $7.9 M YTD 2025).
  • Net income (loss): $(2,199 K) for Q3 2025; $10,040 K YTD 2025.
  • Adjusted Net Surplus: $2.7 M (down from $10.6 M adjusted net debt at YE‑2024).

  • Capital expenditures: $3.6 M for two re‑entries and one new well.

  • Operating Performance

  • Average production Q3 2025: 3,414 boe/d (66% liquids).
  • Production composition: Crude oil 1,929 bbl/d; NGLs 340 boe/d; Natural gas 6,871 mcf/d.
  • Operating netback Q3 2025: $10.25/boe (vs. $17.24/boe Q3 2024).

  • Funds from Operations per boe Q3 2025: $13.03/boe.

  • NCIB Activity

  • Shares repurchased/cancelled to date: 2,005,500 at avg. $0.192/share (June 24 – Sep 30 2025).

  • Remaining shares outstanding: 217,763,815.

  • Liquidity & Debt

  • Cash & cash equivalents (Sept 30 2025): $6.688 M.
  • Adjusted working capital: $2.922 M.

  • Credit facility balance: $0 (no borrowing reported).

  • Other Notable Metrics

  • Oil & gas sales Q3 2025: $16.137 M; royalties $(2.972 M); operating expenses $(9.947 M).
  • Realized gain on commodity contracts Q3 2025: $498 K.
  • Operating income Q3 2025: $3.218 M; operating margin 19.9%.

Notable Quotes

  • Bryden Wright, President & CEO: “Our interim results demonstrate disciplined capital management and a clear path to completing the going‑private transaction while maintaining production stability.”

All forward‑looking statements are subject to risks and uncertainties detailed in the release.

Read the original news release →

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