Spartan Delta (SDE) Investor presentation summary
Event summary combining transcript, slides, and related documents.
Investor presentation summary
6 May, 2026Corporate strategy and operational focus
Pursues a three-pillar plan: Duvernay development, Deep Basin development, and consolidation in both basins, leveraging a large inventory of oil and condensate-rich resource plays for scalable results.
Focuses on oil and liquids-rich gas, multi-zone development, technical expertise, operational synergies, and a strong M&A track record.
Asset base and production profile
Holds ~522,000 net acres in Duvernay and ~243,000 net acres in Deep Basin, with over 1,750 net drilling locations combined.
2026 production guidance is 52,000–54,000 boe/d, with a 25% increase in corporate production and a 96% increase in oil and condensate output versus 2025.
Q1 2026 average production reached 52,140 boe/d, with 42% liquids and a 59% liquids growth year-over-year.
Financial performance and capital allocation
2026 capital program: $410MM for Duvernay, $90MM for Deep Basin, targeting 26 and 14 net wells on-stream, respectively.
Adjusted funds flow expected to rise from $225MM in 2025 to $380MM in 2026, with capital expenditures of $475–525MM.
Maintains a strong balance sheet with $700MM in credit facilities and 12% management and board ownership.
Latest events from Spartan Delta
- Production, sales, and guidance all increased sharply, driven by strong well results and higher capital investment.SDE
Q1 20265 May 2026 - Scalable oil-weighted growth and rising reserves driven by Duvernay and Deep Basin focus.SDE
Investor presentation1 May 2026 - 2026 targets 50,000–52,000 boe/d, 73% oil growth, and strong reserves expansion.SDE
Investor presentation13 Apr 2026 - Stable Q2 production, Duvernay expansion, and $14.4M net income amid volatile prices.SDE
Q2 202413 Apr 2026 - Q3 results reflect lower sales and income, but Duvernay success drives increased 2024 capital focus.SDE
Q3 202413 Apr 2026 - 2024 saw production growth, Duvernay expansion, and a strategic pivot to oil and condensate.SDE
Q4 202413 Apr 2026 - Production surged and Duvernay development accelerated, supported by new equity financing.SDE
Q1 202513 Apr 2026 - Net income surged 133% year-over-year in Q2 2025, driven by robust production growth.SDE
Q2 202513 Apr 2026 - Record 2025 oil-weighted growth, net income up 104%, and Duvernay output up 178% year-over-year.SDE
Q4 202518 Mar 2026