Petrus Resources Q4 2025 Earnings Report

Petrus Resources EPS Results

• Actual EPS: C$0.04
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Petrus Resources Revenue Results

• Actual Revenue: $20.66 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Petrus Resources Announcement Details

• Quarter: Q4 2025
• Date: 3/18/2026
• Time: After Market Closes
• Conference Call Date: Thursday, March 19, 2026
• Conference Call Time: 11:00AM ET

Petrus Resources (TSE:PRQ) Ltd is a company that is engaged in the acquisition, development, exploration, and exploitation of energy business assets. The company receives maximum revenue from oil and natural gas. The company's core operating areas are Ferrier, Central Alberta, and the Rocky Mountain foothills.

Petrus Resources Q4 2025 Earnings Call Transcript

Key Takeaways

• Positive Sentiment: Company drilled 13 operated wells in 2025, lowering overall well costs and reporting strong well productivity.
• Positive Sentiment: Expanded into the oilier Belly River formation, which the company says has increased its liquids weighting and improved asset mix.
• Positive Sentiment: Despite weaker prices, Petrus held production flat, slightly increased cash flow, and continued its high-yield dividend.
• Positive Sentiment: Completed the Harmattan acquisition of an oil-weighted Deep Basin asset, adding about 2,000 BOE/d of production and undeveloped land planned for drilling this summer.
• Negative Sentiment: Market headwinds in 2025 included falling oil prices and the expected LNG premium failing to materialize, which pressured realizations.

Presentation

[Operator]

Thank you for standing by. Welcome to the Petrus Resources Year-End 2025 Results Conference Call and Webcast. At this time, all participants are in listen only mode. After the speaker presentation, there'll be a question and answer session. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star one one again. Please be advised that today's conference is being recorded. I'll now hand the conference over to your first speaker today, Ken Gray, President and CEO. Please go ahead.

[Ken Gray, President and CEO at Petrus Resources]

Good morning and welcome to the Petrus Resources conference call. I'm Ken Gray, CEO of Petrus, and as usual, I'm joined here by our executive team of Mathew Wong, CFO, Matt Skanderup, COO, and Lindsay Hatcher, VP Commercial and Corporate Development. We've just released Petrus's 2025 Q4 and year-end results, but that seems like ancient history given the recent world events and developments here at Petrus. I'm not going to say too much about 2025. It was a good year for us from an execution standpoint. We drilled 13 operated wells very efficiently, lowering our overall well cost and generating excellent productivity from the wells. We expanded our focus to include the oilier Belly River formation, where we drilled several wells that helped increase our liquids weighting. We added to our undeveloped land and continued to invest in our infrastructure.

[Ken Gray, President and CEO at Petrus Resources]

We held production flat, slightly increased cash flow, and continued to pay our high-yielding dividend. We achieved all this despite overall pricing being even weaker than in 2024, with falling oil prices and the LNG premium failing to materialize. These results point to the strength of Petrus, both the team and the assets, and to the bright future for the company. We're only just over two months into 2026, but it's already been quite an eventful year. Wars and other actions in oil regions around the world have dramatically increased oil prices. It is extremely frustrating to us that we have this tremendous resource here that the world requires, and yet government policies over the last decade or so have limited our ability to get it to where it's needed. Our efficiency as an industry has allowed us to grow to record production levels despite chronically weak prices.

[Ken Gray, President and CEO at Petrus Resources]

It is a shame we are not able to do more today. Let's hope we as a country can correct this and be in a better position to help out in the future. Petrus will continue to do its part. Already in 2026, we have drilled six wells, four of which will come on production at the end of this week. We completed an acquisition of a complementary oil-weighted Deep Basin asset at Harmattan, which added about 2,000 BOE per day of production and undeveloped lands that we expect to begin drilling on this summer. At Petrus, we are proud of what we do and what we have accomplished, and we will continue to efficiently find, develop, and produce affordable energy for Canada and the world.

[Operator]

Thank you. At this time, we'll conduct a question and answer session. As a reminder, to ask a question, you will need to press star one one on your telephone and wait for your name to be announced. To withdraw your question, please press star one one again. Please stand by while we compile the Q&A roster. I'm showing no questions at this time. Thank you for your participation in today's conference. This does conclude the program. You may now disconnect.

Participants

Executives

• Ken Gray, President and CEO