Valeura Energy Inc. reports strong Q3 2025 results with oil production of 23.0 mbbls/d, generating revenue of US$155.7 million. They also saw adjusted EBITDAX of US$80.7 million, net cash balance of US$248.4 million, and no debt. A ten-well drilling campaign increased production to 24.8 mbbls/d. They also entered a joint venture in Thrace basin and saw production increases on the Jasmine field.

The Company’s operational focus on drilling campaigns and development projects has led to improved financial and operating results compared to the same period last year and Q2 2025. The Wassana field redevelopment project is on track for first oil in Q2 2027, and a farm-in agreement in the Gulf of Thailand will transform their portfolio. Cash flow from operations has increased by 46% compared to the same quarter last year.

Financially, Valeura achieved a net cash balance of US$248.4 million and a working capital surplus of US$275.2 million as of September 30, 2025. Operating expenses increased by 4%, but adjusted opex and its per bbl unit rate were lower than the previous year. Adjusted EBITDAX and adjusted after tax cashflow from operations saw significant increases compared to Q3 2024.

The Company’s outlook for the full year 2025 remains positive, with average daily oil production expected to be within the range of 23.0 – 25.5 mbbls/d. Adjusted opex, adjusted capex, and free cash flow guidance have been updated. Valeura’s financial strength, operational progress, and strategic partnerships position them for continued growth and value creation in the oil and gas sector.

Read more at GlobeNewswire: Valeura Energy Inc.: Third Quarter 2025 Results