)
Visual
test
Spartan Delta
Spartan Delta (SDE) investor relations material
Spartan Delta Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary23 Feb, 2026
Executive summary
Achieved a transformational year in 2025, transitioning to an oil-weighted Duvernay growth strategy and exceeding annual guidance.
Delivered significant liquids growth, record Duvernay production, and strong reserve additions.
Maintained a strong balance sheet while executing the largest capital program in company history.
Financial highlights
Fourth quarter oil and gas sales reached $130.9 million, up 57% year-over-year and 58% sequentially.
Net income for Q4 was $36.3 million, up 600% year-over-year; full-year net income was $70.0 million, up 104%.
Adjusted funds flow for Q4 was $80.8 million (up 60% year-over-year); full-year was $224.7 million (up 37%).
Year-end net debt was $203.9 million, with a net debt to annualized adjusted funds flow ratio of 0.6x.
Capital expenditures before acquisitions and dispositions totaled $359.3 million for 2025, up 122% year-over-year.
Outlook and guidance
Accelerated Duvernay production target to 50,000 BOE/d by 2030 due to strong well performance and cost reductions.
Commenced 2026 capital program with four rigs deployed, focusing on Duvernay and Deep Basin development.
Maintains flexibility to adjust capital allocation in response to commodity price movements.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Spartan Delta
- Liquids-rich Duvernay drives rapid growth, backed by Deep Basin cash flow and scalable assets.SDE
EnerCom Denver – The Energy Investment Conference23 Nov 2025 - Production up 17% and net income up 51% year-over-year, with strong Duvernay growth.SDEQ3 202521 Nov 2025
- Pursuing aggressive Duvernay and Deep Basin growth, underpinned by strong returns and disciplined execution.SDEInvestor Presentation14 Aug 2025
- Revenue and net income fell after asset sales, but liquidity and growth strategy remain strong.SDEQ3 202414 Aug 2025
- Q2 2024 saw lower earnings post-asset sale, but liquidity and growth prospects remain strong.SDEQ2 202414 Aug 2025
- 2024 saw lower earnings but strengthened Duvernay focus and liquidity after a major equity raise.SDEQ4 202414 Aug 2025
- Q2 2025 net income surged to CA$33.5M, driven by higher sales and improved liquidity.SDEQ2 202514 Aug 2025
- Q1 2025 saw a net loss from derivative losses, but liquidity and Duvernay investment remain strong.SDEQ1 202514 Aug 2025
Next Spartan Delta earnings date
Q1 20266 May, 2026
Spartan Delta
Next Spartan Delta earnings date
Q1 20266 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Explore our global coverage