Yangarra Announces 2025 Third Quarter Financial and Operating Results

Executive Summary

• Yangarra Resources reported Q3 2025 funds flow from operations of C$13.2 M ($0.12 per diluted share), down 4% YoY, with net income of C$2.3 M ($0.02 per diluted share), a 42% decline.
• Average production increased to 9,554 boe/d (42% liquids) despite a ~500 boe/d shortfall from third‑party turnarounds; drilling resumed with one Belly River well completed and two Cardium wells slated for Q4 completion.
• Adjusted net debt stood at C$100.7 M (ratio 1.91× annualized FFO); capital expenditures were C$12.4 M, within prior guidance.

Key Details

• Financial Highlights
• Funds flow from operations: C$13.2 M ($0.12/diluted share) – ‑4% YoY.
• Oil & gas sales: C$24.4 M – ‑7% YoY.
• Adjusted EBITDA: C$14.5 M ($0.13/diluted share) – ‑8% YoY.
• Net income: C$2.3 M ($0.02/diluted share) – ‑42% YoY.
• Operating margin: 70%; funds flow from operations margin: 54%.

• Capital expenditures: C$12.4 M (within guidance).

• Production & Costs

• Average production: 9,554 boe/d (42% liquids) – +3% YoY.
• Operating costs: $8.65/boe (incl. $3.18/boe transportation).
• G&A cost: $1.62/boe.
• Royalties: 5% of revenue.

• All‑in cash cost: $14.17/boe.

• Balance Sheet

• Adjusted net debt: C$100.7 M (down from C$103.1 M).
• Retained earnings: C$352.4 M.

• Decommissioning liability (discounted): C$17.1 M.

• Operations Update

• Low AECO gas and weaker WTI prices led to reduced drilling/completion spend; focus shifted to stimulation and field optimization.
• ~500 boe/d production loss from two third‑party turnarounds, restored mid‑October.

• Drilling activity: 1 Belly River well completed Q3; 2 Cardium wells drilled, slated for Q4 completion.

• Pricing

• Realized light crude price: $90.72/bbl (Q3); WTI $65.74/bbl.

• NGL price: $38.66/bbl; natural gas AECO $0.60/mcf.

• Cash Flow Reconciliation

• Cash flow from operating activities Q3: C$14.254 M.
• Decommissioning costs incurred Q3: C$357 K.

• Changes in non‑cash working capital Q3: –C$1.43 M.

• Credit Facility

• Available limit increased to C$140 M (from C$130 M).

• Forward‑Looking Statements

• Management reiterated expectations for continued volatility in commodity prices and cautioned that actual results may differ materially from projections.

Notable Quotes

(No direct CEO quotes were provided in the release.)