06:46 AM EST, 03/06/2025 (MT Newswires) -- Kiwetinohk Energy ( KWTEF ) late on Wednesday reported that it swung to a net loss in the fourth quarter, significantly missing analyst estimates.

The net loss came in at $16 million, or a loss of $0.37 per share, swinging from a net income of $48.3 million, or $1.09 per share. The result missed the $1.11 earnings per share consensus estimate compiled by FactSet.

Adjusted funds flow from operations rose to $71.7 million, or $1.61 per share, from $63.7 million, or $1.44 per share.

Commodity sales from production also increased to $120.7 million from $114 million.

The company produced 27,657 barrels of oil equivalent per day, rising from 24,707 boe/d.

Adjusted funds flow from operations in 2025 is expected to be $335 to $375 million at US$60/barrel West Texas Intermediate crude price, US$3.50/million British thermal units Henry Hub natural gas price and $0.70 USD/CAD.

As of year-end 2024, total proved plus probable reserves grew by 10% or about 22 million barrels of oil equivalent after annual production. Total proved plus probable net present value grew by 4% to $2.9 billion.