Overview

* Tamarack Q3 2025 oil & gas revenue declines 10% yr/yr

* Company reports Q3 net loss due to East Alberta asset write-down

* Tamarack increases dividend by 5% and repurchases 6.7 mln shares

Outlook

* Tamarack maintains full-year production guidance of 67,000 - 69,000 boe per day

* Company reduces net production expense guidance by 5% for full year

* Tamarack expects 2025 free funds flow to exceed original budget due to improved price differentials

Result Drivers

* WATERFLOOD EXPANSION - Tamarack expanded its waterflood development program, boosting production and reducing corporate decline rates

* COST REDUCTIONS - Tamarack improved capital efficiencies and reduced lifting costs, enhancing margins

* ASSET DIVESTITURE - Sale of Eastern Alberta assets reduced operating costs and improved net production expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Oil & C$394.08

Nat Gas mln

Revenue

Q3 Net -C$248.7

Income 7 mln

Q3 Net C$631.05

Debt mln

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.)