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Birchcliff Energy Ltd. Announces Q3 2025 Results, Increased 2025 Production Guidance and Preliminary 2026 Budget and Declares Q4 2025 Dividend
CALGARY, Alberta, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“ Birchcliff...
About this update from Birchcliff Energy Ltd.
[{"type":"text","content":"Birchcliff Energy Ltd. Announces Q3 2025 Results, Increased 2025 Production Guidance and Preliminary 2026 Budget and Declares Q4 2025 Dividend \n\n\n\n CALGARY, Alberta, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“\n \n Birchcliff\n \n ” or the “\n \n Corporation\n \n ”) (TSX: BIR) is pleased to announce its Q3 2025 financial and operational results, updated 2025 guidance and its preliminary 2026 capital budget and guidance. Birchcliff is also pleased to announce that its board of directors (the “\n \n Board\n \n ”) has declared a quarterly cash dividend of $0.03 per common share for the quarter ending December 31, 2025.\n \n\n Chris Carlsen, Birchcliff’s President and Chief Executive Officer, commented: “Birchcliff’s Q3 2025 results demonstrate the strength and resilience of our business, benefiting from our strong production performance, low-cost structure and natural gas market diversification. In Q3 2025, we delivered average production of 80,406 boe/d, exceeding our internal expectations, and generated adjusted funds flow\n \n (\n \n\n 1\n \n\n )\n \n of $87.1 million and free funds flow\n \n (1)\n \n of $15.6 million.\n \n\n As a result of our asset outperformance and strong operational execution in 2025, we are increasing our 2025 full-year production guidance to 79,000 to 80,000 boe/d (previously 76,000 to 79,000 boe/d), with our Q4 2025 production expected to average approximately 81,500 boe/d. Birchcliff expects to generate significant free funds flow in Q4 2025, which will be primarily used to reduce total debt\n \n (\n \n\n 2\n \n\n )\n \n by approximately 14% from year end 2024.\n \n (\n \n\n 3\n \n\n )\n \n\n\n We continue to drive our costs lower through strong operational performance and execution, which is expected to result in a ~10% reduction in our average well cost\n \n (\n \n\n 4\n \n\n )\n \n year-over-year. Our 2025 capital program is progressing ahead of schedule and the efficiencies and cost savings achieved by Birchcliff in 2025 have enabled us to drill three additional wells, which will be brought on production in Q4 2025, and advance other activities in preparation for our 2026 capital program, all within our 2025 capital expenditures guidance.\n \n\n Looking forward, our capital allocation priorities are unchanged –...