Athabasca Oil reported FY 2025 results with average production of 39,375 boe/d (98% liquids), up 7% year over year. Petroleum, natural gas and midstream sales were CAD 1.36 billion in FY 2025, while cash flow from operating activities was CAD 520.5 million. Adjusted funds flow totaled CAD 503.9 million (CAD 1.01 per share) and net income attributable to shareholders was CAD 245.1 million (CAD 0.49 per basic share). Total capital expenditures were CAD 322.5 million, including CAD 231.0 million at Leismer and CAD 75.0 million in Duvernay development. Athabasca Oil said it bought back 39 million shares for CAD 230.0 million in FY 2025. In Q4 2025, production averaged 41,061 boe/d (98% liquids) and petroleum, natural gas and midstream sales were CAD 301.0 million. Q4 adjusted funds flow was CAD 117.5 million and net income attributable to shareholders was CAD 46.6 million. Operationally, Thermal Oil FY 2025 bitumen production averaged 35,905 bbl/d, and Athabasca Oil reported Thermal Oil free cash flow of CAD 216.9 million. The company said the Leismer expansion is on track, with a three-week facility turnaround planned for May and twelve new well pairs expected to be commissioned and steamed in the second half of 2026. At Hangingstone, it reported current production of about 9,000 bbl/d and a planned two-week turnaround in April. For Corner, Athabasca Oil said Phase 1 is expected to be sanctioned in the second half of 2026, contingent on the macro environment. In Duvernay, the company reported FY 2025 production of 3,470 boe/d (76% liquids) and said a three-well pad (100% working interest) delivered average IP90s of about 945 boe/d (89% liquids), with an additional four-well pad expected on stream in April. Athabasca Oil ended 2025 with CAD 316.4 million of cash and cash equivalents and a consolidated net cash position of CAD 59.0 million, and reported 1.28 billion boe of proved plus probable reserves with a 2P NPV10 before tax of CAD 5.82 billion (CAD 12.13 per share).
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Athabasca Oil Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603042104PRIMZONEFULLFEED9666231) on March 05, 2026, and is solely responsible for the information contained therein.
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