Petrus Resources Announces Third Quarter 2025 Financial & Operating Results

Executive Summary

• Petrus Resources reported Q3 2025 production of 9,817 boe/d, a 7% increase versus the prior quarter.
• Funds flow rose 21% to $12.9 M ($0.10 per share) year‑over‑year, driven by higher volumes and lower royalty expenses despite lower realized prices.
• Net debt decreased 5% to $64.9 M; capital spending was $8.3 M, with 81% allocated to drilling and completions.

Key Details

• Production: 9,817 boe/d (Q3 2025) vs. 9,155 boe/d (Q2 2025); oil & condensate up 23% on six new wells.
• Funds Flow: $12.9 M ($0.10/share), +21% YoY; attributed to higher volume, risk‑management gains, and lower royalties.
• Net Debt: $64.9 M, down $3.1 M QoQ.
• Capital Expenditure: $8.3 M in Q3 2025; 81% on drilling/completing new Ferrier wells.
• Operating Expense: $5.86/boe, –4% YoY.
• Dividends: Regular monthly dividend of $0.01/share ($3.9 M total); $2.8 M reinvested via DRIP (1.8 M shares issued).
• Outlook Q4 2025: Two new wells (1.3 net) expected on stream; full‑year capex guidance $40–$50 M; net debt target ≈ $60 M; production 9,000–10,000 boe/d; funds flow $45–$55 M.
• 2026 Hedging: ~50% of forecast production hedged at $2.89/GJ (natural gas) and CAD 87.23/bbl (oil).

Notable Quotes

• Ken Gray, President & CEO: “Our disciplined risk‑management strategy positions us to achieve guidance targets and maintain financial stability while adapting capital programs to market dynamics.”