04:59 PM EDT, 10/28/2025 (MT Newswires) -- Yangarra Resources ( YGRAF ) , after trade Tuesday, said its third-quarter profit and oil and gas sales declined year-over-year.
The company earned $2.3 million, or $0.02 per share, in the period, down from $4 million, or $0.04, in the year-ago quarter. FactSet expected $0.05 per share.
Petroleum and natural gas sales fell to $24.4 million from $26.3 million a year prior. FactSet projected sales of $27.6 million.
Funds flow from operations stood at $13.2 million, or $0.12 per share, compared with $13.7 million, or $0.13, in the year-ago quarter.
The company said it reduced spending on drilling and completions during the quarter because of low AECO natural gas prices and weaker West Texas Intermediate (WTI) oil prices.
It added that average production in the third quarter was about 500 barrels of oil equivalent per day lower than normal due to two major third-party facility shutdowns. Production from those facilities resumed in mid-October.
Yangarra shares closed unchanged at $1.00 on the Toronto Stock Exchange.