Overview

* Birchcliff Q3 2025 production rose 7% yr/yr, driven by strong base and new well performance

* Adjusted funds flow in Q3 2025 increased 93% yr/yr, driven by higher natural gas revenue

* Birchcliff reported a net loss of C$14.1 mln in Q3 2025, due to unrealized losses on contracts

Outlook

* Birchcliff raises 2025 production guidance to 79,000-80,000 boe/d

* Company targets 2026 capital budget of C$325 mln to $375 mln

* Birchcliff expects 2026 production of 81,000 to 84,000 boe/d

Result Drivers

* PRODUCTION OUTPERFORMANCE - Birchcliff's Q3 2025 production increased 7% yr/yr due to strong base production and new well performance

* MARKET DIVERSIFICATION - Birchcliff benefited from higher U.S. pricing for 75% of its natural gas production, contributing to a premium over AECO prices

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net -C$14.10

Income mln

Q3 Capex C$71.50

mln

Q3 C$78.50

Operatin mln

g Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 2 "hold" and no "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 Birchcliff Energy Ltd ( BIREF ) is C$8.00, about 13.7% above its November 11 closing price of C$6.90

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 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.)