Prospera Energy (PEI) Q3 2025 earnings summary

Executive summary

• Q3 2025 focused on growing production, improving liquidity, and working toward sustainable cash flow while addressing outstanding liabilities and balance sheet cleanup.

• Q3 2025 sales revenue reached CAD 5.3 million, with operating netback of CAD 800,000 and capital expenditures totaling CAD 2.0 million, focused on well reactivations and plant upgrades.

• Average net sales were 808 BOE/day, up 4% from Q2 2025 and 25% year-over-year.

• Acquired the remaining 14% working interest in the Cuthbert area and completed the White Tundra acquisition, consolidating ownership and expanding production opportunities.

• Emphasis on low-cost well reactivations and strategic maintenance/upgrades to support additional production.

Financial highlights

• Net sales averaged 808 BOE/day, up 4% from Q2 (780 BOE/day) and 25% year-over-year (647 BOE/day).

• Sales revenue reached CAD 5.3 million (CAD 71/BOE), an 8% increase from Q2 2025 (CAD 4.9 million) and 12% year-over-year.

• Operating netback was CAD 800,000 (just over CAD 10/BOE), down from CAD 1.6 million in Q2 and CAD 1.7 million in Q3 2024.

• Operating costs rose 33% from Q2 2025 and 15% year-over-year, mainly due to higher contract operator fees, field maintenance, and the Cuthbert acquisition.

• Total BOE sales volumes were 74,337 in Q3 2025, up from 71,019 in Q2 2025 and 59,548 in Q3 2024.

Outlook and guidance

• Ongoing focus on well reactivations for production growth due to their low risk and capital efficiency.

• Expectation of continued production and cash flow growth, supported by recent infrastructure projects and operational improvements.

• Plans to continue the 42-well winter program, contingent on successful financing.

• Management to discuss strategic direction, operational milestones, and well performance in an upcoming investor call.