04:50 PM EST, 01/06/2025 (MT Newswires) -- Spartan Delta ( DALXF ) after close of trade Monday said fourth-quarter production from the Western Canadian oil and gas producer came in above its annual guidance target.

The company said it averaged output of 38,523 barrels of oil equivalent per day, above the 38,000 boepd forecast it made in November when it released third-quarter results.

Spartan's crude oil and condensate production is 72% above its output in the fourth quarter of 2023.

Spartan anticipates providing additional details regarding its preliminary 2025 operating budget and guidance "on or before the release of its annual results for 2024."

The company's shares closed up $0.23 to $3.81 on the Toronto Stock Exchange.