04:26 PM EDT, 07/23/2025 (MT Newswires) -- Whitecap Resources ( WCPRF ) after trade Wednesday said its second-quarter profit and revenue rose year-over-year, and beat expectations.

The company earned $310.6 million, or $0.33 per share, during the period, compared with $244.5 million, or $0.41 per share, in the year-ago quarter. FactSet expected $0.17 per share.

Petroleum and natural gas revenue rose to $1.37 billion from $980.4 million a year prior. FactSet projected sales of $1.06 billion.

In the quarter ended June 30, the company produced 292,754 barrels of oil equivalent per day. This marks a 5% increase per share compared to the same period in 2024 and a 2% increase per share from the first quarter of 2025.

The company said it completed the Veren deal during the quarter, "creating Canada's seventh largest oil and natural gas producer and the fifth largest natural gas producer. Whitecap has now become the largest Alberta Montney and Duvernay landholder and a prominent light oil producer in Saskatchewan with a deep portfolio of premium drilling inventory across all commodities."

The Western Canadian oil and gas producer said it now expects full-year production to reach the high end of its guidance range of 295,000 to 300,000 barrels of oil equivalent per day with 63% from liquids.

For the second half of 2025, production is expected to average between 363,000 and 368,000 barrels of oil equivalent per day, with 62% liquids, the company added.

WCP was up $0.14 or $1.4% at $10.19.