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Cavvy Energy (CVVY) investor relations material
Cavvy Energy Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved solid Q3 2025 performance with net operating income of $30.6 million, driven by strategic execution, cost improvements, and record third-party processing and hedging gains.
Transitioned to phase 2 of the strategic plan, focusing on deleveraging, asset growth, and per-share value enhancement.
Executed a forward pricing agreement for 2026 sulphur sales, providing downside protection and upside market participation, materially reducing revenue risk and supporting debt reduction.
Financial highlights
Net operating income (NOI) of nearly $31 million, supported by $28 million in commodity hedging gains.
Q3 production averaged 23,956 boe/d (80% natural gas), up 4% year-over-year, with significant growth in third-party raw gas processing volumes.
Third-party gas processing revenue exceeded $10 million, now over 15% of total revenue, with volumes up 105% year-over-year to 136.1 MMcf/d.
Operating expense at a record low of $36.7 million ($16.64/boe); adjusted OpEx at $10.31/boe.
Q3 2025 net income was a loss of $10.1 million, or ($0.03) per share.
Outlook and guidance
Increased 2025 NOI guidance to $100–110 million and netback to $11.50–12.50/boe.
Production and capital program expected to remain within prior guidance ranges (23,000–25,000 boe/d; $25–30 million capex).
2026 guidance to be announced in early December after budget approval.
Anticipates accelerated deleveraging in 2026, leveraging new sulphur contract.
No resumption of development drilling planned for 2025 due to weak natural gas prices; selective participation in non-operated wells.
- TimeTickerHeadlineOpen
- HDD
Net sales up 6.1% and EBITDA margin improved; outlook cautious amid macro and FX headwinds. - ASX
2025 saw double-digit revenue and profit growth, with AI-driven momentum set to continue. - FABG
Income growth offset by property value declines, resulting in a net loss after tax. - DANSKE
2025 net profit DKK 23.0bn, ROE 13.3%, strong capital and risk management, 2026 profit DKK 22–24bn. - 7701
Record sales and profit growth, with sales guidance raised but profit guidance unchanged. - 3110
Strong Special Glass and electronic materials demand plus asset sales drove record profits and outlook upgrades. - 9090
Strong sales and profit growth, robust logistics performance, and stable full-year outlook. - 9404
Strong profit growth and higher sales drive improved outlook and robust financial position. - 8111
Sales and operating profit increased, but net profit declined on lower affiliate gains. - 7752
Profits surged on domestic growth and cost cuts, with full-year guidance revised upward.
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