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Earnings

PetroTal Announces Q3 2025 Financial and Operating Results

By The Northwire Desk — AI Analysis Nov 13, 2025 · 02:01 TAL · 0.67 PETROTAL CORP. J
TAL · Price

Executive Summary

  • PetroTal reported Q3 2025 average production of 18,414 bopd and adjusted EBITDA of $31.6 M ($19.03/bbl), with net income of $3.6 M.
  • The Board suspended the quarterly dividend to preserve liquidity while evaluating the 2026 development plan for the Bretana field.
  • Total cash stood at $141.5 M (including a $32.7 M COFIDE/BanBif loan tranche); capital expenditures were $19.7 M, and free funds flow was $12.1 M.

Key Details

  • Production & Sales – Average Q3 sales 18,028 bopd; average production 18,414 bopd (21% YoY increase at Bretana).
  • Financial Performance – Adjusted EBITDA $31.6 M; free funds flow $12.1 M; net income $3.6 M (down $13.9 M QoQ).
  • Capital Expenditures – $19.7 M spent in Q3, up $2.6 M from prior quarter.
  • Cash Position – Total cash $141.5 M (flat QoQ, +$8.4 M YoY); available cash $108.8 M.
  • Dividend Suspension – Board voted to suspend quarterly dividend pending liquidity considerations and 2026 budget finalization.
  • Block 95 (Bretana) Update – Avg. 17,938 bopd in Q3; production downtime due to tubing leaks; one well re‑tubed by Nov 10; early Nov average 14,983 bopd, YTD avg. 19,594 bopd.
  • Block 131 (Los Angeles) Update – Avg. 476 bopd in Q3 (≈‑50 bopd QoQ); workover caused one‑week shut‑in; Oct production rebounded to ~560 bopd; YTD avg. 539 bopd.
  • Bretana Erosion Control Project – $6.5 M expense in Q3 (vs $0.7 M prior quarter); project on schedule for Q3 2026 completion, total cost estimate $65‑75 M.
  • Liquidity Details – First tranche of COFIDE/BanBif loan drawn in Q2 2025; $25 M of restricted cash tied to escrow account.
  • Hedging – No new production hedges initiated; existing costless collars cover ~1.0 MMbbl (Oct 1 2025‑Mar 30 2026) with floor $65/bbl, ceiling $82.50/bbl, cap $102.50/bbl; present value of hedges ≈ $2.1 M.
  • Webcast – Management webcast scheduled for Nov 13 2025 at 9 am CT / 3 pm BST (link provided).

Notable Quotes

“I am pleased to share that PetroTal delivered solid financial results in the third quarter of 2025… While we experienced some unscheduled downtime, our operational teams responded quickly to restore output.” – Manuel Pablo Zuniga‑Pflucker, President & CEO.

All figures are presented in U.S. dollars unless otherwise noted.

Read the original news release →

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