Business
Advantage Announces Third Quarter 2025 Financial and Operating Results
Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to report 2025 third quarter financial and operating results.
About this update from Advantage Energy Ltd
[{"type":"text","content":"(TSX: AAV)","length":10,"tagName":"p","attribs":{}},{"type":"text","content":"CALGARY, AB, Oct. 28, 2025 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to report 2025 third quarter financial and operating results.","length":184,"tagName":"p"},{"type":"text","content":"2025 Third Quarter Financial Highlights","length":39,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Cash provided by operating activities of $80.1 million.","length":55,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted funds flow ("AFF")(a) of $72.4 million or $0.43 per basic share for Advantage(b).","length":100,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash used in investing activities of $102.3 million.","length":52,"tagName":"p"}]},{"val":[{"type":"text","content":"Net capital expenditures(a) were $71.6 million for Advantage(b).","length":64,"tagName":"p"}]},{"val":[{"type":"text","content":"Net debt(a) of $572.3 million for Advantage(b), essentially unchanged quarter-over-quarter.","length":91,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":362,"olType":false},{"type":"text","content":"During the third quarter, Advantage was effectively free cash flow ("FCF")(a) neutral while average AECO prices were the lowest in history. This highlights our unique ability to fully fund a steady, efficient annual capital program of about $300 million throughout the commodity price cycle.","length":301,"tagName":"p"},{"type":"text","content":"2025 Third Quarter Operating Highlights","length":39,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Average production was 71,482 boe/d (356.1 mmcf/d natural gas, 12,139 bbls/d liquids), a decrease of 4% versus the third quarter of 2024. Advantage aggressively curtailed production during periods of extremely weak/negative AECO pricing, prioritizing value over volumes.","length":275,"tagName":"p"}]},{"val":[{"type":"text","content":"Liquids production was 12,139 bbls/d (8,483 bbls/d crude oil, 684 bbls/d condensate and 2,972 bbls/d NGLs), a decrease 5% over the third quarter of 2024.","length":158,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating costs in the third quarter were $5.82/boe(a) compared to $5.46/boe in the third quarter of 2024, mainly due to significantl...