07:28 AM EDT, 03/12/2026 (MT Newswires) -- Strathcona Resources ( STHRF ) said Thursday that it swung to a comprehensive loss in the fourth quarter of 2025 following a drop in sales.

The company reported a comprehensive loss of $99 million, reversing the year-ago income of $88 million.

Oil and natural gas sales fell to $710 million from $1.03 billion as production slumped to 117,715 barrels of oil equivalent per day (boe/d) from 187,203 boe/d.

The board also declared a quarterly dividend of $0.30 per common share, payable March 27 to shareholders of record on March 20. The company also approved a share repurchase program for up to 5% of its outstanding shares.

Strathcona said its 2026 production guidance of 120,000-130,000 barrels per day and $1.0 billion capital budget remained unchanged.

The company also reported an increase in year-end reserves. Proved, developed and producing reserves rose 2%, proved reserves increased 5% and proved plus probable jumped 7%.