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Orca Energy Group Inc. Announces Completion of Q3 2025 Interim Filings
TORTOLA, British Virgin Islands, Nov. 27, 2025 (GLOBE NEWSWIRE) -- Orca Energy Group Inc. (ȁ...
About this update from Orca Energy Group Inc. Class B
[{"type":"text","content":"Orca Energy Group Inc. Announces Completion of Q3 2025 Interim Filings\n\n\n\n TORTOLA, British Virgin Islands, Nov. 27, 2025 (GLOBE NEWSWIRE) -- Orca Energy Group Inc. (“\n \n Orca\n \n ” or the “\n \n Company\n \n ” and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) today announces that it has filed its condensed consolidated interim financial statements and management's discussion and analysis for the three and nine month periods ended September 30, 2025 (“\n \n Q3 2025\n \n ”) with the Canadian securities regulatory authorities. All amounts are in United States dollars (“\n \n $\n \n ”) unless otherwise stated.\n \n\n\n Jay Lyons, Chief Executive Officer, commented:\n \n\n\n\n “Orca delivered strong operational results in Q3 2025, with gas deliveries rising 7% over the quarter and 4% year-to-date. The growth was driven by higher industrial consumption and increased demand for our services and products.”\n \n\n\n\n “The Company ended the period with cash and cash equivalents of $127.9 million and working capital of $56.2 million, supported by the collection of arrears from TANESCO under the April 2025 Settlement Agreement.”\n \n\n\n\n “We continue to actively manage the ongoing legal proceedings in Tanzania, remaining focused on protecting the Company's rights and our shareholders' interests. Looking ahead, Orca will keep its capital expenditures and allocation under review as we look to continue to focus on safety, essential maintenance, and cost efficiency across our operations.”\n \n\n\n\n Highlights\n \n\n\n\n Revenue decreased by 12%, or $3.0 million, for Q3 2025 and by 4%, or $3.3 million, for the nine months ended September 30, 2025 over the comparable prior year periods, primarily as a result of the increases in the Tanzanian Petroleum Development Corporation (\n \n “TPDC”\n \n ) share of revenue as an outcome of decreased capital expenditures and lower Cost Gas revenue (as defined in the Management's Discussion & Analysis for the three and nine months ended September 30, 2025) recoveries by the Company.\n \n\n Gas deliveries increased by 7%, or 4.7 MMcfd, for Q3 2025 and by 4%, or 2.7 MMcfd, for the nine months ended September 30, 2025 compared to the same prior year periods. The increa...