05:27 PM EDT, 10/22/2025 (MT Newswires) -- Whitecap Resources ( WCPRF ) , after trade Wednesday, said its third-quarter profit declined while revenue rose year-over-year.

The company earned $204.2 million, or $0.17 per share, during the period, compared with $274.2 million, or $0.46 per share, in the year-ago quarter. FactSet expected $0.24 per share.

Petroleum and natural gas revenue rose to $1.66 billion from $890.9 million a year prior. FactSet projected sales of $1.29 billion.

The company said that due to year-to-date production outperformance, it is raising its full-year 2025 average production forecast to 305,000 barrels of oil equivalent per day (boe/d), compared with the previous guidance range of 295,000 to 300,000 boe/d. The updated forecast includes expected fourth-quarter production of about 370,000 boe/d. The company added that its capital spending guidance for 2025 remains unchanged at $2 billion.

The company also said that for 2026, the board of directors has approved a capital budget of $2.0 billion to $2.1 billion. The budget reflects "enhanced operational execution, disciplined asset allocation, moderate production growth and realized synergies."

Whitecap shares closed up $0.04 to $10.22 on the Toronto Stock Exchange.