Yangarra Announces 2025 Year End Financial and Operating Results and Reserves

Executive Summary

• Yangarra reported FY 2025 production of 10,003 boe/d (42% liquids), a modest 5% decline YoY, with oil‑and‑gas sales of $115.3 M and net income of $15.0 M.
• FY 2025 Adjusted EBITDA was $67.6 M; Funds flow from operations totaled $62.8 M ($0.57 per diluted share).
• Reserves: 41 MMboe PDP (up 5% YoY) and 81 MMboe total proved (down 4%). NPV10 of PDP fell 9% to $454 M; total proved NPV10 declined 22% to $825 M.

Key Details

• Production & Operations
• Drilled 14 wells in 2025, spending $43.6 M on drilling & completions.
• Capital budget for 2026 approved at $60 M to maintain ~10,000 boe/d production.

• Strategic capital of $8.5 M invested in pipeline upgrades and low‑risk exploration play.

• Financial Highlights (FY 2025 vs 2024)

• Oil & gas sales: $115.3 M (‑14%).
• Net income: $15.0 M ($0.14 per diluted share) – income margin 13%.
• Adjusted EBITDA: $67.6 M ($0.62 per diluted share).
• Funds flow from operations: $62.8 M ($0.57 per diluted share).
• Operating cost: $8.64/boe (incl. $3.39/boe transportation).
• Operating netback: $21.27/boe; operating margin 67%.
• G&A expense: $1.55/boe; royalties 6% of revenue.

• Capital expenditures: $64.1 M (incl. $6.1 M land purchases).

• Quarter‑4 Highlights

• Production: 9,577 boe/d (44% liquids), down 6% YoY.
• Oil & gas sales: $27.2 M (‑12%).

• Net income: $0.5 M ($0.01 per diluted share).

• Reserve Summary (NI 51‑101, Deloitte)

• PDP Reserves: 41 MMboe (+5% YoY); NPV10 $454 M (‑9%).
  • F&D cost: $11.95/boe; recycle ratio 1.78×.
  • NAV per diluted share (less ARO): $3.00.
• Total Proved: 81 MMboe (‑4% YoY); NPV10 $825 M (‑22%).
  • Future development cost: $311 M (‑$19 M YoY).
  • NAV per diluted share: $6.35.

• Proved + Probable: 119 MMboe (‑11% YoY); NPV10 $1.1 B (‑22%).

  • Future development cost: $461 M (‑$34 M YoY).
  • NAV per diluted share: $8.95.

• Balance Sheet & Debt

• Adjusted net debt: $106.7 M (up from $103.1 M).

• Credit facility limit: $140 M (vs. $130 M prior).

• Liquidity

• Funds flow from operations FY 2025: $62.8 M vs. $75.6 M FY 2024.

• Adjusted net debt to annualized FFO (Q4): 1.89 ×.

• Future Outlook

• Board approved $60 M 2026 capital budget aimed at steady production growth, with no anticipated multi‑month drilling pauses.
• Management expects improved natural gas pricing from LNG egress and a healthier hedge program.

Notable Quotes

(No direct quotes were provided in the release.)