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Production / Operations

Southern Energy Corp. Announces Third Quarter 2025 Financial And Operating Results

By The Northwire Desk — AI Analysis Nov 18, 2025 · 02:02 SOU · 0.065 Southern Energy Corp.
SOU · Price

Executive Summary

  • Southern Energy Corp. reported Q3 2025 net earnings of $0.5 M (vs. a $2.1 M loss in Q3 2024) and generated $1.0 M of Adjusted Funds Flow from Operations.
  • Petroleum and natural gas sales rose 25% to $4.34 M, driven by a 50% increase in natural‑gas pricing; average realized gas price was $3.59/Mcf (17% premium to NYMEX HH).
  • Operational highlights include the successful recompletion of an oil well in Magee Field (≈85 bbl/d) and first production from the GH LSC 13‑13 #2 horizontal well, delivering 3.6 MMcfe/d over its initial 30 days.

Key Details

  • Financial Highlights (Q3 2025 vs. Q3 2024)
  • Petroleum & natural gas sales: $4.34 M (up 25%).
  • Net income: $0.462 M (vs. a loss of $2.062 M).
  • Adjusted Funds Flow from Operations: $1.030 K (vs. $552 K).
  • Capital expenditures: $340 K.

  • Total assets: $50,626 K; non‑current liabilities: $19,826 K; net debt: $(19,739) K.

  • Production Metrics

  • Average production Q3 2025: 12,457 Mcfe/d (2,076 boe/d), 97% gas – down 11% YoY but up 10% QoQ.

  • Realized prices: Gas $3.59/Mcf, Oil $63.53/bbl (vs. $2.40/Mcf & $73.78/bbl prior year).

  • Operational Updates

  • Completed oil well in Magee Field (Sept 2025); produced ~3,000 bbl in Oct 2025; current rate ≈85 bbl/d; completion cost $85,000 (payback < 3 weeks).
  • First of three remaining DUC horizontal wells (GH LSC 13‑13 #2) brought online June 2025; initial 30‑day avg. 3.6 MMcfe/d (99% gas); IP90 2.9 MMcfe/d.

  • Implemented stimulation design changes, reducing expected future horizontal well completion cost to ~$1.8 M and total drill‑to‑tie‑in cost to ~$4.0 M (≈20% lower than prior estimate).

  • Regulatory / Infrastructure

  • Ongoing FERC dispute affecting ~400 boe/d from Mechanicsburg & Greens Creek fields; resolution expected Q4 2025, subject to government shutdown delays.

  • Outlook & Hedging

  • Fixed‑price natural gas swap: 5,000 MMBtu/d at $3.40/MMBtu through Dec 2026 provides downside protection.
  • Plans to leverage increased cash flow for balance‑sheet strengthening and further oil projects plus the two remaining DUCs at Gwinville.

Notable Quotes

“Southern delivered another strong quarter, underpinned by a successful oil recompletion in the Magee Field and the continued strong performance of the GH LSC 13‑13 #2 well… our strategic positioning and disciplined execution continue to drive meaningful value for shareholders.” – Ian Atkinson, President & CEO.

Read the original news release →

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