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Earnings

NG ENERGY ANNOUNCES FILING OF Q3 FINANCIAL RESULTS

By The Northwire Desk — AI Analysis Nov 26, 2025 · 07:00 GASX · 0.99 NG Energy International Corp.
GASX · Price

Executive Summary

  • NG Energy filed its Q3 2025 interim financial statements, reporting a 53% increase in gas/NGL sales to US$13.9 M and positive operating cash flow of US$7.9 M.
  • Production rose to an average 27.2 MMcf/d in Q3, with November month‑to‑date output already at 33.8 MMcf/d after the Aruchara‑4 well completion.
  • The company ended the quarter with $13.8 M cash on hand and anticipates receiving an additional $110 M from the Maurel & Prom transaction in Q4 2025, which will fund a six‑well drilling program and potential issuer bid.

Key Details

  • Production: 27.2 MMcf/d average gross daily production in Q3 2025; November month‑to‑date up to 33.8 MMcf/d after Aruchara‑4 well completion at Maria Conchita.
  • Sales & Revenue: Gas and NGL sales of US$13.9 M (↑53% YoY). Realized price $8.23/Mcf at Maria Conchita; $7.20/Mcf at Sinú‑9. Expect prices > $11/MMBtu later in 2025.
  • Cash Flow: Operating cash flow of US$7.9 M for Q3 2025. Operating expenses totaled US$4.5 M (Q3) and US$12.7 M YTD. Unit operating cost at Sinú‑9 fell to $1.49/Mcf (down 47% from YTD average of $2.81/Mcf).
  • Liquidity: Cash & cash equivalents of US$13.8 M as of Q3 end. Remaining $110 M from the Maurel & Prom transaction expected to close in Q4 2025, bolstering balance sheet.
  • Future Operations: Plans to recomplete Aruchara‑3 well, drill Hechicero‑1X (Sinú‑9), and expand pipeline capacity at Sinú‑9 to 40 MMcf/d (looping) then 60 MMcf/d (twin). Six‑well drilling campaign slated with new operational partner.
  • Forward‑Looking Statements: Management expects continued production growth, higher realized prices, and increased margins through 2026, supported by the pending M&P transaction and infrastructure upgrades.

Notable Quotes

“Production quantities and realized natural gas prices are both increasing while unit operating costs continue to decrease – a powerful combination that will significantly expand margins and overall profitability for the Company.” – Jorge Fonseca, CEO

All non‑material boilerplate, forward‑looking disclaimer text, and company background have been omitted for brevity.

Read the original news release →

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Financings