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Earnings

Pine Cliff Energy Ltd. Announces Third Quarter 2025 Results and Declares Monthly Dividend for November 28, 2025

By The Northwire Desk — AI Analysis Nov 05, 2025 · 18:03 PNE · 0.78 PINE CLIFF ENERGY LTD.
PNE · Price

Executive Summary

  • Pine Cliff Energy Ltd. reported its third quarter and nine-month financial and operating results for 2025, highlighting a decline in production and adjusted funds flow compared to the same periods in 2024.
  • The company announced a reduction in its 2025 capital budget to $20.0 million (from $23.5 million) and provided updates on its hedging strategy and asset dispositions.
  • A regular monthly dividend of $0.00125 per share was declared, payable in November 2025.

Key Details

  • Adjusted Funds Flow: Generated $5.7 million ($0.02/share) for Q3 2025 (down from $8.1 million in Q3 2024) and $22.1 million ($0.06/share) for the nine months ended Sept 30, 2025 (down from $29.4 million in 2024).
  • Production: Average production was 20,376 Boe/d for Q3 2025 (down from 22,546 Boe/d in Q3 2024) and 20,962 Boe/d for the nine-month period (down from 23,363 Boe/d).
  • Net Loss: Reported a net loss of $6.0 million ($0.02/share) for Q3 2025 and $15.9 million ($0.04/share) for the nine-month period.
  • Dividends Paid: Paid $1.3 million ($0.004/share) in Q3 2025 and $8.1 million ($0.022/share) for the nine-month period.
  • Capital Expenditures: Totalled $2.5 million in Q3 2025 and $6.1 million for the first nine months of 2025.
  • Net Debt: Reduced by $3.7 million (6%) to $58.6 million as of Sept 30, 2025.
  • Capital Budget Update: The 2025 capital budget was reduced to $20.0 million from $23.5 million, with a portion of the development program shifted to 2026.
  • Asset Disposition: Proceeds from the Central area asset disposition announced on Nov 5, 2025, will support the development program.
  • Hedging Strategy:
    • Natural Gas: Hedge position increased to ~50% of gross production for Q4 2025 at an average price of $2.88/Mcf; ~33% for 2026 at $3.00/Mcf.
    • Crude Oil: ~51% hedged at US$63.16/Bbl and 23% at US$63.43/Bbl for Q4 2025 and 2026.
  • Declared Dividend: Regular monthly dividend of $0.00125 per common share declared, payable Nov 28, 2025, to shareholders of record on Nov 14, 2025.
  • Webcast: A webcast to discuss results will be held on Nov 6, 2025, at 9:00 AM MDT.

Notable Quotes

  • No direct quotes from the CEO or President were included in the provided text.
Read the original news release →

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