08:33 AM EST, 03/05/2025 (MT Newswires) -- NuVista Energy ( NUVSF ) on Wednesday said its fourth-quarter profit rose 11% despite weak natural-gas prices.

The Western Canada-based natural-gas producer said it earned $99.15 million, or $0.48 per share, in the period, up from $89.51 million, or $0.41, in the year-prior quarter. Adjusted funds flow fell by a third to $137.06 million, or $0.66, from $201.99 million, or $0.93.

The company's revenue in the quarter fell 23% to $281.45 million, as its production edged down to 85,635 barrels of oil equivalent per day from 85,925 boepd. Production beat the top-end of its guidance for the quarter of 84,000 boepd. Its average price per thousand cubic feet of natural gas fell 19% to $2.78.

NuVista said it ended the year with proved and probable reserves of 779.7-million boepd, up 21% from the end of 2023.

The company said it expects first-quarter production of around 87,500 boepd, while reiterating its 2025 average production target of 90,000 boepd.

NuVista shares closed up $0.02 to $11.20 on Tuesday on the Toronto Stock Exchange.