Earnings

FIDDLEHEAD RESOURCES CORP. ANNOUNCES Q3 2025 FINANCIAL RESULTS

By The Northwire Desk — AI Analysis Nov 27, 2025 · 16:30 FHR · 0.09 Fiddlehead Resources Corp.

FHR · Price

Fiddlehead Resources reported a net loss of C$1.07 million for Q3 2025, with adjusted funds flow from operations of –C$1.11 million.
Production averaged 1,107 BOE/d in the quarter, down sharply from 1,526 BOE/d in Q2 2025 due to third‑party facility turnarounds and shut‑ins.
The company completed a license transfer for the South Ferrier/Strachan assets and entered into physical gas hedges covering 1,500 GJ/d at $2.86/GJ through October 2026.

Production: 1,107 BOE/d (Q3 2025) vs. 1,526 BOE/d (Q2 2025).
November 2025 average: 1,295 BOE/d (69 bbls/d light oil, 339 bbls/d NGLs, 5,325 Mcf/d natural gas).
Oil & Gas Sales: C$1.70 million for the quarter.
Funds Flow Used in Operations: C$1.11 million (negative).
Hedging Activity: Physical hedge of 1,500 GJ/d gas at $2.86/GJ for November 2025‑Oct 2026.
License Transfer & Operatorship: Alberta Energy Regulator approved transfer of South Ferrier/Strachan assets on Aug 1 2025; operatorship assumed on Aug 27 2025.
Cynthia Transaction: Exclusivity period expired; company continues to pursue closure.
Financial Highlights (selected):
Net loss: –C$1.07 million (–C$0.02 per basic share).
Cash flow used in operating activities: –C$898 thousand.
Total assets: C$29.5 million; total non‑current financial liabilities: C$11.6 million; long‑term debt: C$12.4 million.
Operating Metrics (per unit):
Light oil price: $82.93/bbl.
NGLs price: $39.37/bbl.
Natural gas price: $0.59/Mcf.
Total oil‑equivalent netback: $17.04/BOE.
Non‑GAAP Measures: Adjusted Funds Flow Netback of –C$22.56/BOE (Q3 2025).

(No CEO quotes were included in the release.)

More from Fiddlehead Resources Corp.