Overview

* Canacol Q3 revenue down 21% due to lower natural gas and LNG sales volumes

* Adjusted EBITDAX for Q3 falls 43%, reflecting decreased sales volumes

* Net income rises in Q3 due to non-cash deferred tax recovery

Outlook

* Company focuses on completing exploration and development drilling for remainder of 2025

* Company plans to mobilize drilling rig to Kantana-2 development well

* Company in discussions with banks to address liquidity issues

Result Drivers

* SALES VOLUME DECLINE - Decrease in realized natural gas and LNG sales volumes led to lower revenue and adjusted EBITDAX

* NETBACK IMPROVEMENT - Operating netback increased due to higher average sales prices, despite higher operating expenses

* CAPITAL EXPENDITURES - Increased due to drilling activities and installation of compression facilities

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $69.50

Revenue mln

Q3 Net $18.66

Income mln

Q3 $49.11

Adjusted mln

EBITDAX

Q3 $46.07

Adjusted mln

FFO

Q3 Cash $39.12

Capex mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the oil & gas exploration and production peer group is "buy."

* Wall Street's median 12-month price target for Canacol Energy Ltd (Alberta) ( CNNEF ) is C$3.25, about 44.3% above its November 14 closing price of C$1.81

* The stock recently traded at 1 times the next 12-month earnings vs. a P/E of 1 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)