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B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
Earnings

ROK Resources Files Financial Results for the Second Quarter of 2025

By The Northwire Desk — AI Analysis Aug 14, 2025 · 07:30 ROK · 0.20 ROK Resources Inc.
ROK · Price

Executive Summary

  • ROK Resources Inc. released its interim financial results and Management Discussion & Analysis for the six months ended June 30, 2025, reporting a significant turnaround in profitability and cash flow generation compared to the prior year.
  • The company achieved a Funds Flow of $9.0 million in Q2 2025, up from $5.0 million in Q2 2024, driven by strong operational performance and realized gains on commodity contracts.
  • Production remained stable at 3,729 boepd (65% liquids) in Q2 2025, while the company successfully executed a Normal Course Issuer Bid (NCIB), repurchasing 1,171,000 shares at an average price of $0.19.

Key Details

  • Q2 2025 Financial Performance:
    • Net Income: $3,278,000 (vs. $82,000 in Q2 2024).
    • Funds Flow: $8,977,000 (vs. $5,001,000 in Q2 2024).
    • Funds from Operations: $10,962,000 (vs. $6,987,000 in Q2 2024).
    • Operating Income: $3,540,000 (vs. $6,405,000 in Q2 2024).
    • Basic EPS: $0.01 (vs. $0.00 in Q2 2024).
  • Year-to-Date (YTD) 2025 Financial Performance:
    • Net Income: $1,733,000 (vs. Net Loss of $5,531,000 in YTD 2024).
    • Funds Flow: $16,126,000 (vs. $11,343,000 in YTD 2024).
    • Funds from Operations: $19,736,000 (vs. $15,028,000 in YTD 2024).
  • Production Metrics (Q2 2025):
    • Average Daily Production: 3,729 boepd (65% liquids).
    • Crude Oil: 2,030 bbl/d.
    • NGLs: 376 boe/d.
    • Natural Gas: 7,940 mcf/d.
    • Sales Volume: 339,366 boe.
  • Operational Efficiency & Margins (Q2 2025):
    • Oil and Natural Gas Sales: $16,641,000 ($49.03/boe).
    • Royalties: $(2,558,000) ($(7.54)/boe).
    • Operating Expenses: $(10,543,000) ($(31.07)/boe).
    • Operating Netback: $10.42/boe (vs. $17.87/boe in Q2 2024).
    • Funds from Operations Profit Margin: 65.1% (vs. 32.1% in Q2 2024).
    • Realized Gain on Commodity Contracts: $6,869,000 (vs. Loss of $65,000 in Q2 2024).
  • Balance Sheet & Capital Management:
    • Working Capital Surplus: Adjusted Net Surplus of $3.8 million (vs. Adjusted Net Debt of $10.6 million at year-end 2024).
    • NCIB Execution: Repurchased and cancelled 1,171,000 common shares at an average price of $0.19 per share.
    • Shares Outstanding: 218,598,315 common shares issued and outstanding post-NCIB.
  • Capital Program Outlook:
    • Q3 2025 Plan: Initiate a three-well capital program targeting two low-cost re-entries and one open hole Midale multi-lateral well.
    • Q4 2025 Plan: Commence the balance of the 2025 development program.

Notable Quotes

  • "The Company remained on strategy and budget for Q2 2025 with Funds Flow of $9.0 million, used to increase working capital surplus and pursue the Normal Course Issuer Bid ("NCIB")."
Read the original news release →

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