Overview

* Petrus Q3 2025 production up 7% from Q2, driven by new wells

* Funds flow in Q3 2025 rises 21% yr/yr despite 9% drop in realized price

* Net debt down 5% from Q2 2025, reflecting financial discipline

Outlook

* Petrus expects 2025 capital investment to remain within $40 to $50 mln range

* Company forecasts 2025 average annual production of 9,000 to 10,000 boe/d

* Petrus has hedged 50% of 2026 production at $2.89/GJ for gas, CAD$87.23/bbl for oil

Result Drivers

* PRODUCTION INCREASE - Q3 production rose 7% from Q2, driven by new wells coming online

* FUNDS FLOW GROWTH - Funds flow increased 21% yr/yr due to higher production, risk management gains, and lower royalties

* OPERATING EXPENSE REDUCTION - Operating expenses down 4% yr/yr, aiding financial performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Oil & C$19.82

Gas mln

Revenue

Q3 C$5.29

Operatin mln

g

Expenses

Analyst Coverage

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)