Advantage Energy Q3 Revenue Misses Expectations
Advantage Energy's Q3 revenue from natural gas and liquids sales missed analyst expectations.
Outlook
The company expects Q4 production to average 79,000 to 83,000 boe/d. Advantage plans to reduce 2026 capital spending by $10 million and anticipates $500 million in free cash flow over the next three years.
- Adjusted funds flow increased, driven by hedging gains.
- Advantage sets new net debt target range of $400 million to $500 million.
PRODUCTION CURTAILMENT – Advantage curtailed significant volumes of dry natural gas production due to weak AECO prices, prioritizing value over volumes.
GLACIER WELL PERFORMANCE – Exceptional initial production rates at Glacier three-well pad highlight the company's potential.
Author's summary: Advantage Energy's Q3 revenue misses expectations despite increased funds flow.
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