By Robb M. Stewart
Bonterra Energy swung to a loss in the latest quarter with lower production and as the conventional oil and gas producer's revenue were squeezed by lower prices.
The Canadian energy company recorded a loss of 3.55 million Canadian dollars ($2.5 million), or C$0.10 a share, in the third quarter, against year-earlier earnings of C$4.26 million, or C$0.11.
Revenue on oil and gas sales was down 20% on last year at C$55.2 million.
Third-quarter production averaged 14,460 barrels of oil equivalent a day, which included roughly 300 barrels daily of unplanned downtime, compared with average output of 15,320 oil-equivalent barrels the year before. Bonterra said added new production was muted in the quarter, with a gross five non-operated wells brought into production and no new operated wells.
Bonterra, whose operations include a concentrated land position in Alberta's Pembina Cardium region, logged average production costs of C$16.92 a barrel of oil equivalent in the first nine months of 2025 compared with C$16.71 in the same period last year, lifted by initial third-party infrastructure charges its Charlie Lake and Montney plays in Western Canada and the company's well reactivation program.
The company said it continues to expect annual production of between 15,000 and 15,200 barrels a day.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
November 13, 2025 07:49 ET (12:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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