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New Stratus Energy Announces Record Quarterly Revenue, Funds Flow, EBITDA, Cash & Working Capital
Calgary, Alberta--(Newsfile Corp. - August 29, 2022) - New Stratus Energy Inc. (TSXV: NSE) (" ...
About this update from New Stratus Energy Inc
[{"type":"text","content":"New Stratus Energy Announces Record Quarterly Revenue, Funds Flow, EBITDA, Cash & Working CapitalCalgary, Alberta--(Newsfile Corp. - August 29, 2022) - New Stratus Energy Inc. (TSXV: NSE) (\"New Stratus\" or the \"Corporation\") is pleased to announce its financial and operating results for the three months ended June 30, 2022.Quarterly HighlightsRecord quarterly revenue of $33.2 million Record quarterly funds flow from operations1 of $20.8 million ($0.18 per share)Record quarterly adjusted EBITDA1 of $19.7 million ($0.17 per share) Ended the quarter with a cash balance of $26.4 million ($0.24 per share) and working capital of $43.2 million ($0.38 per share).This is a non-GAAP financial measure or non-GAAP ratio. Refer to the disclosure under the heading \"Non-GAAP and Other Financial Measures\" within press release.The three months ended June 30, 2022 marked the Corporation's second quarter following the acquisition of 100% of the shares of Repsol Ecuador S.A., which closed on January 14, 2022 (the \"Acquisition\"). In a robust commodity environment, New Stratus was able to achieve record financial results for the quarter, including revenue, funds flow from operations, adjusted EBITDA, cash and working capital. The record results were achieved despite an 18-day nationwide labour strike which was resolved at the end of June.Financial and Operational Summary(in Canadian dollars, expect per share information)Three months ended June 30, 2022  Three months ended March, 2022RevenueFunds Flow from Operations(1)Per Share - BasicPer Shares - Diluted(2)$33,226,400$20,781,579$0.18$0.16 $25,712,107$(335,866)$(0.01)$(0.01)    Adjusted EBITDA(1)Per share - BasicPer Share - Diluted(2)Net IncomePer share - BasicPer Share - Diluted(2)$19,682,227$0.17$0.15$14,012,354$0.12$0.11 $13,352,418$0.13$0.11$18,117,270$0.18$0.15Cash & Cash Equivalents$26,428,843 $15,474,166Working Capital$43,155,796 $29,145,628Operating   Average Daily Production            Heavy Crude Oil (bopd)5,379 5,305                Consumption Oil (bopd)941 732                Sales production 4,438 4,573Operating Netback(3) (C$/bopd)           Service Tariff $49.55&#...