06:47 AM EDT, 10/29/2025 (MT Newswires) -- Tamarack Valley Energy ( TNEYF ) Wednesday reported a decrease in third-quarter adjusted net income on lower oil and gas sales. On a per-share basis, however, adjusted net income was higher year over year.

Third-quarter adjusted net income was C$69 million, or $0.14 per share, down from $72 million, or $0.13 per share.

Oil and natural gas sales came in at $394.1 million, declining from $439.4 million. Adjusted funds flow fell to $200.6 million from $220.4 million.

Tamarack remains on track to achieve full-year production guidance of 67,000-69,000 barrels of oil equivalent per day.

Additionally, Tamarack said its COO Kevin Screen is retiring and Kevin Johnston has been promoted to CFO. Both changes are effective Jan. 1, 2026.