06:27 AM EST, 03/06/2025 (MT Newswires) -- Athabasca Oil ( ATHOF ) late on Wednesday reported that its net income and comprehensive income soared in the fourth quarter, exceeding analyst estimates.

Net income and comprehensive income surged to $264.3 million, or $0.50 per share, from $27.5 million, or $0.03 per share. The results exceeded the $0.15 earnings per share consensus estimate compiled by FactSet.

Adjusted funds flow jumped to $143.7 million, or $0.27 per share, from $81.8 million, or $0.14 per share. The company produced 37,236 barrels of oil equivalent per day, up from 33,127 boe/d. Full-year 2024 production of 36,815 boe/d was within the guidance of 36,000 to 37,000 boe/d.

Athabasca Oil ( ATHOF ) maintained 2025 guidance of 33,500 to 35,500 barrels per day in its Athabasca (Thermal Oil) division.