Business
PetroTal Announces Q2 2025 Financial and Operating Results
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - August 7, 2025) - PetroTal Corp. (TSX...
About this update from Petrotal Corp.
[{"type":"text","content":"PetroTal Announces Q2 2025 Financial and Operating ResultsCalgary, Alberta and Houston, Texas--(Newsfile Corp. - August 7, 2025) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) (\"PetroTal\" or the \"Company\") is pleased to report its operating and financial results for the three months ended June 30, 2025. All amounts herein are in United States dollars unless stated otherwise.Selected financial and operational information outlined above should be read in conjunction with the Company's unaudited consolidated financial statements and management's discussion and analysis (\"MD&A\") for the three months ended June 30, 2025, which are available on SEDAR+ at www.sedarplus.ca and on the Company's website at www.petrotal-corp.com.Key HighlightsAverage Q2 2025 sales and production of 20,578 and 21,039 barrels of oil per day (\"bopd\"), respectively;Generated Adjusted EBITDA(1) and Free Funds Flow(1) of $44.3 million ($23.66/bbl) and $27.2 million ($14.55/bbl), respectively;Q2 2025 capital expenditures of $17.1 million, bringing H1 2025 capital expenditures to $40.7 million;Net Income of $17.5 million ($9.35/bbl) in Q2 2025, and $48.4 million ($11.46/bbl) in H1 2025;Total cash of $142.1 million, including $99.3 million of unrestricted cash;Declaring a quarterly dividend of $0.015/sh, payable to shareholders on September 12, 2025, and;Revision of 2025 production guidance to a range of 20,000 to 21,000 bopd, on capital spending of $80 million. (1) Non-GAAP (defined below) measure that does not have any standardized meaning prescribed by GAAP and therefore may not be comparable with the calculation of similar measures presented by other entities. See \"Selected Financial Measures\" section. Manuel Pablo Zuniga-Pflucker, President and Chief Executive Officer, commented:\"PetroTal has once again delivered strong results in the second quarter of 2025, reflecting our ongoing commitment to profitable long-term growth. Even under lower oil prices this quarter, PetroTal is reporting free cash flow of more than $27 million, while holding our available cash reserves broadly flat near $100 million. The Bretana field is also performing as expected, with recent production topping 20,000 bopd.As discussed in our July 14 operations update, we have encountered delays in the resumption of our development drilling program. As a result...