Overview

* Nuvista Q2 petroleum and natural gas revenues falls 17% yr/yr, net income down 28%

* Produced 73,595 Boe/d

* Repurchased C$100 mln in shares in H1

Outlook

* Company forecasts Q3 production at average68,000 - 70,000 Boe/d

* Nuvista expects Q4 production to reach average100,000 Boe/d

* Company maintains 2025 full-year production guidance at 83,000 Boe/d

* Nuvista reduces 2025 capital expenditure guidance to C$425 - C$450 mln

Result Drivers

* PRODUCTION CHALLENGES - Production impacted by third-party gas plant turnaround and commissioning delays of the Pipestone Gas Plant

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 C$267.32

Petroleu mln

m &

Natural

Gas

Revenue

Q2 Net C$80.45

Income mln

Q2 Capex C$81.74

mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 4 "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 Nuvista Energy Ltd ( NUVSF ) is C$17.25, about 16.9% above its August 5 closing price of C$14.33

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release:

(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.)