Business
Pine Cliff Energy Ltd. Announces 2025 Annual Results, Filing of Disclosure Documents, Annual Reserves, Dividend Declaration and Corporate Outlook
Calgary, Alberta--(Newsfile Corp. - March 4, 2026) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") announces its 2025 annual results, filing of disclosure documents, year-end reserves and dividend declaration.Q4 2025 and 2025 financial highlights include:Generated $7.8 million ($0.02 per basic and fully diluted share) and $29.9 million ($0.08 per basic and fully diluted share) of adjusted funds flow1 for the three months and year ended December 31, 2025...
About this update from Pine Cliff Energy Ltd.
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - March 4, 2026) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") announces its 2025 annual results, filing of disclosure documents, year-end reserves and dividend declaration.","length":264,"tagName":"p"},{"type":"text","content":"Q4 2025 and 2025 financial highlights include:","length":46,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Generated $7.8 million ($0.02 per basic and fully diluted share) and $29.9 million ($0.08 per basic and fully diluted share) of adjusted funds flow1 for the three months and year ended December 31, 2025 compared to $8.6 million ($0.02 per basic and fully diluted share) and $38.0 million ($0.11 per basic and fully diluted share) for the same periods in 2024;","length":359,"tagName":"p"}]},{"val":[{"type":"text","content":"Reduced net debt1 by $12.7 million or 20% to $49.6 million at December 31, 2025, compared to $62.3 million at December 31, 2024;","length":128,"tagName":"p"}]},{"val":[{"type":"text","content":"Production averaged 20,173 Boe/d2 and 20,763 Boe/d3 during the three months and year ended December 31, 2025, representing a 11% decrease from the comparable periods in 2024;","length":174,"tagName":"p"}]},{"val":[{"type":"text","content":"Proceeds from dispositions totaled $16.2 million in 2025, including $14.9 million in the fourth quarter;","length":104,"tagName":"p"}]},{"val":[{"type":"text","content":"Capital expenditures totaled $8.7 million and $14.8 million for the three months and year ended December 31, 2025, compared to $nil and $2.5 million for the same periods in 2024;","length":178,"tagName":"p"}]},{"val":[{"type":"text","content":"Paid dividends of $1.3 million ($0.004 per basic and fully diluted share) and $9.4 million ($0.026 per basic and fully diluted share) during the three months and year ended December 31, 2025, compared to $5.4 million ($0.015 per basic and fully diluted share) and $25.6 million ($0.072 per basic and fully diluted share) for the same periods in 2024; and","length":354,"tagName":"p"}]},{"val":[{"type":"text","content":"Generated net income of $3.8 million ($0.01 per basic and fully diluted share) for the three months ended December 31, 2025 and a net loss of $12.1 million ($0.03 per basic and fully diluted share) for the year ended Decembe...